Raymond James & Associates Acquires 35,542 Shares of Copa Holdings, S.A. (NYSE:CPA)

Raymond James & Associates increased its holdings in Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 64.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,622 shares of the transportation company’s stock after buying an additional 35,542 shares during the period. Raymond James & Associates’ holdings in Copa were worth $7,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in Copa by 136.8% in the 1st quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 398 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Copa by 16.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 151 shares during the period. Penserra Capital Management LLC boosted its holdings in Copa by 96.9% in the 1st quarter. Penserra Capital Management LLC now owns 1,693 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 833 shares during the period. UBS Group AG raised its position in shares of Copa by 51.2% during the 1st quarter. UBS Group AG now owns 1,845 shares of the transportation company’s stock valued at $155,000 after buying an additional 625 shares in the last quarter. Finally, FCA Corp TX purchased a new stake in shares of Copa during the 3rd quarter valued at $201,000. 75.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CPA shares. Cowen raised their price objective on shares of Copa from $98.00 to $117.00 in a research report on Friday, February 17th. Barclays raised their price objective on shares of Copa from $120.00 to $150.00 in a research report on Friday, May 12th. Raymond James raised their price objective on shares of Copa from $125.00 to $138.00 in a research report on Tuesday, May 16th. StockNews.com initiated coverage on shares of Copa in a research report on Thursday. They set a “buy” rating on the stock. Finally, HSBC lifted their target price on shares of Copa from $117.00 to $143.00 in a research report on Wednesday. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $123.67.

Copa Price Performance

Shares of NYSE:CPA opened at $105.37 on Friday. The stock has a market cap of $4.15 billion, a PE ratio of 9.37 and a beta of 1.31. Copa Holdings, S.A. has a 52 week low of $55.25 and a 52 week high of $107.96. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average is $91.79 and its 200 day moving average is $88.57.

Copa (NYSE:CPA – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The transportation company reported $4.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.09 by $0.40. The business had revenue of $890.61 million for the quarter, compared to analyst estimates of $887.42 million. Copa had a net margin of 13.80% and a return on equity of 32.04%. The company’s revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 EPS. Research analysts anticipate that Copa Holdings, S.A. will post 13.64 earnings per share for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, May 30th. Copa’s dividend payout ratio (DPR) is presently 29.18%.

About Copa

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.