Convergence Investment Partners LLC Has $5.17 Million Stake in Copa Holdings, S.A. (CPA)

Convergence Investment Partners LLC increased its position in Copa Holdings, S.A. (NYSE:CPA) by 50.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,536 shares of the transportation company’s stock after purchasing an additional 13,989 shares during the quarter. Copa accounts for 0.7% of Convergence Investment Partners LLC’s portfolio, making the stock its 23rd largest position. Convergence Investment Partners LLC owned 0.10% of Copa worth $5,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CPA. Pictet Asset Management Ltd. boosted its stake in Copa by 9.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,853 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 154 shares during the last quarter. MUFG Americas Holdings Corp bought a new position in Copa during the 3rd quarter valued at $227,000. Global X Management Co. LLC boosted its stake in Copa by 0.9% during the 2nd quarter. Global X Management Co. LLC now owns 2,010 shares of the transportation company’s stock valued at $235,000 after acquiring an additional 17 shares during the last quarter. Fiera Capital Corp bought a new position in Copa during the 2nd quarter valued at $250,000. Finally, US Bancorp DE boosted its stake in Copa by 50.4% during the 2nd quarter. US Bancorp DE now owns 2,220 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 744 shares during the last quarter. Institutional investors and hedge funds own 61.74% of the company’s stock.

CPA has been the topic of a number of research analyst reports. Bank of America reduced their price objective on shares of Copa from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Copa from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. UBS upgraded shares of Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $120.00 price objective on shares of Copa in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co raised shares of Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price on the stock in a report on Tuesday, November 21st. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Copa presently has a consensus rating of “Buy” and a consensus target price of $129.69.

Shares of Copa Holdings, S.A. (NYSE:CPA) opened at $133.49 on Monday. The firm has a market cap of $5,969.14, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.94. Copa Holdings, S.A. has a twelve month low of $88.50 and a twelve month high of $138.69. The company has a current ratio of 1.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 8th. The transportation company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.06. The company had revenue of $657.17 million for the quarter, compared to analysts’ expectations of $644.36 million. Copa had a net margin of 14.88% and a return on equity of 16.81%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. sell-side analysts anticipate that Copa Holdings, S.A. will post 8.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.25%. Copa’s dividend payout ratio (DPR) is 34.84%.

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About Copa

Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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