Artemis Investment Management LLP purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,700 shares of the transportation company’s stock, valued at approximately $3,026,000. Artemis Investment Management LLP owned 0.07% of Copa at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in Copa during the 2nd quarter worth $29,000. Point72 Hong Kong Ltd acquired a new position in Copa during the 2nd quarter worth $57,000. Cerebellum GP LLC acquired a new position in Copa during the 3rd quarter worth $126,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Copa by 8.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,398 shares of the transportation company’s stock worth $132,000 after acquiring an additional 103 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Copa during the 2nd quarter worth $165,000. 68.88% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CPA opened at $99.42 on Friday. Copa Holdings, S.A. has a one year low of $67.38 and a one year high of $113.62. The company has a 50-day simple moving average of $99.21 and a 200-day simple moving average of $94.59. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.87 and a current ratio of 0.96. The firm has a market capitalization of $4.20 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Thursday, August 29th. Copa’s dividend payout ratio (DPR) is presently 39.88%.
Several brokerages have weighed in on CPA. TheStreet lowered shares of Copa from a “b-” rating to a “c+” rating in a report on Monday, September 30th. ValuEngine lowered shares of Copa from a “sell” rating to a “strong sell” rating in a report on Saturday, September 14th. JPMorgan Chase & Co. raised their price objective on shares of Copa from $105.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, July 3rd. UBS Group raised shares of Copa from a “neutral” rating to a “buy” rating in a report on Friday, September 27th. Finally, Buckingham Research raised their price objective on shares of Copa from $119.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $109.09.
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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