Todays Report: The IMS Capital Management invests in Copa Holdings SA (CPA) Shares

The IMS Capital Management invests in Copa Holdings SA (CPA) Shares

IMS Capital Management boosted its position in shares of Copa Holdings SA (NYSE:CPA) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,760 shares of the company’s stock after buying an additional 350 shares during the period. IMS Capital Management’s holdings in Copa Holdings SA were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPA. Lesa Sroufe & Co boosted its stake in shares of Copa Holdings SA by 1.5% in the second quarter. Lesa Sroufe & Co now owns 61,424 shares of the company’s stock worth $3,210,000 after buying an additional 886 shares in the last quarter. Barclays PLC boosted its stake in shares of Copa Holdings SA by 24.2% in the first quarter. Barclays PLC now owns 13,330 shares of the company’s stock worth $893,000 after buying an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Copa Holdings SA during the first quarter worth $222,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Copa Holdings SA during the first quarter worth $271,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Copa Holdings SA by 63.6% in the second quarter. BNP Paribas Arbitrage SA now owns 11,347 shares of the company’s stock worth $593,000 after buying an additional 4,413 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Copa Holdings SA (NYSE:CPA) traded up 0.23% during midday trading on Friday, hitting $92.56. The stock had a trading volume of 396,277 shares. The company’s market cap is $3.90 billion. The company’s 50 day moving average is $88.64 and its 200 day moving average is $70.11. Copa Holdings SA has a 1-year low of $42.61 and a 1-year high of $95.00.

Copa Holdings SA (NYSE:CPA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Copa Holdings SA had a return on equity of 9.05% and a net margin of 8.36%. The business earned $494.40 million during the quarter, compared to analysts’ expectations of $487.28 million. During the same quarter last year, the company posted $0.93 earnings per share. Copa Holdings SA’s quarterly revenue was down 8.2% on a year-over-year basis. On average, equities analysts anticipate that Copa Holdings SA will post $4.96 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CPA. Zacks Investment Research raised Copa Holdings SA from a “hold” rating to a “strong-buy” rating and set a $90.00 price target for the company in a research report on Tuesday, August 9th. HSBC cut Copa Holdings SA from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $66.00 to $84.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. boosted their price objective on Copa Holdings SA from $59.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 16th. Credit Suisse Group AG raised Copa Holdings SA from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 4th. Finally, Buckingham Research raised Copa Holdings SA from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $80.50.

Copa Holdings SA Company Profile

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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