Neuburgh Advisers LLC Sells 836 Shares of Copa Holdings, S.A. (NYSE:CPA)

Neuburgh Advisers LLC lowered its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 14.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,840 shares of the transportation company’s stock after selling 836 shares during the quarter. Neuburgh Advisers LLC’s holdings in Copa were worth $472,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAM Holding AG bought a new position in shares of Copa in the 2nd quarter valued at about $451,000. Renaissance Technologies LLC raised its position in shares of Copa by 32.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,029,900 shares of the transportation company’s stock valued at $100,487,000 after acquiring an additional 254,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Copa by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,788 shares of the transportation company’s stock valued at $7,883,000 after acquiring an additional 1,536 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Copa in the 2nd quarter valued at approximately $165,000. Finally, Atria Investments LLC acquired a new stake in shares of Copa in the 2nd quarter valued at approximately $253,000. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CPA traded up $1.24 during midday trading on Thursday, hitting $102.77. The stock had a trading volume of 3,820 shares, compared to its average volume of 356,285. Copa Holdings, S.A. has a 12 month low of $67.38 and a 12 month high of $113.62. The company has a quick ratio of 0.87, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The business’s 50-day simple moving average is $102.64 and its 200-day simple moving average is $92.70. The company has a market cap of $4.27 billion, a P/E ratio of 15.73, a PEG ratio of 0.79 and a beta of 1.36.



Copa (NYSE:CPA) last released its earnings results on Wednesday, August 7th. The transportation company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. Copa had a net margin of 1.59% and a return on equity of 12.35%. The business had revenue of $645.10 million during the quarter, compared to analysts’ expectations of $625.92 million. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts predict that Copa Holdings, S.A. will post 8.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a yield of 2.53%. Copa’s dividend payout ratio (DPR) is 39.88%.

A number of brokerages recently weighed in on CPA. Buckingham Research increased their price target on shares of Copa from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Copa from $105.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, July 3rd. Evercore ISI upgraded shares of Copa from an “in-line” rating to an “outperform” rating and increased their price target for the company from $110.00 to $115.00 in a research report on Tuesday, August 27th. UBS Group downgraded shares of Copa from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 18th. Finally, ValuEngine downgraded shares of Copa from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.50.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 81 destinations in 33 countries in North, Central, and South America, as well as the Caribbean. As of April 24, 2019, it operated a fleet of 105 aircraft comprising 6 Boeing 737 MAX9s, 82 Boeing 737NGs, and 17 Embraer-190s aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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