Jane Street Group LLC Boosts Stake in Copa Holdings, S.A. (NYSE:CPA)

Jane Street Group LLC increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 261.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,574 shares of the transportation company’s stock after buying an additional 8,374 shares during the period. Jane Street Group LLC’s holdings in Copa were worth $911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Copa by 86.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 950 shares during the period. Paragon Capital Management Ltd bought a new position in shares of Copa in the fourth quarter valued at approximately $276,000. Oppenheimer Asset Management Inc. lifted its position in Copa by 15.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,597 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 481 shares during the last quarter. Schafer Cullen Capital Management Inc bought a new stake in Copa during the fourth quarter valued at approximately $474,000. Finally, Bank of Montreal Can lifted its position in Copa by 5.7% during the fourth quarter. Bank of Montreal Can now owns 6,314 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 339 shares during the last quarter. Institutional investors and hedge funds own 64.24% of the company’s stock.

Shares of NYSE CPA traded up $1.64 during mid-day trading on Friday, hitting $79.63. The stock had a trading volume of 237,363 shares, compared to its average volume of 365,984. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Copa Holdings, S.A. has a 1 year low of $67.38 and a 1 year high of $119.69. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.16 and a beta of 1.45.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, February 13th. The transportation company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The firm had revenue of $656.06 million during the quarter, compared to analysts’ expectations of $660.29 million. Copa had a return on equity of 13.56% and a net margin of 3.29%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 earnings per share. Equities research analysts anticipate that Copa Holdings, S.A. will post 6.76 earnings per share for the current year.

CPA has been the subject of several research analyst reports. Bradesco Corretora upgraded shares of Copa from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $125.00 in a research report on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Copa from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Monday, January 28th. Bank of America lowered shares of Copa from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 30th. Stifel Nicolaus raised shares of Copa from a “sell” rating to a “hold” rating and lifted their price target for the stock from $70.00 to $90.00 in a research note on Friday, February 15th. Finally, ValuEngine downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $98.08.

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Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers flights to 75 destinations in 31 countries in North, Central, and South America, as well as the Caribbean. As of April 12, 2018, it operated a fleet of 101 aircraft comprising 81 Boeing 737NG aircraft and 20 EMBRAER-190s aircraft.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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