Sprucegrove Investment Management LTD Lowered By $10.64 Million Its Copa Holdings (CPA) Stake; Enduro Royalty Trust Has 1.29 Sentiment

February 15, 2018 - By Henry Gaston

Enduro Royalty Trust focuses on acquiring and holding a net profits interest representing the right to receive an 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana, and New Mexico held by Enduro Resource Partners LLC. The company has market cap of $105.60 million.

Sprucegrove Investment Management Ltd decreased Copa Holdings (CPA) stake by 11.67% reported in 2017Q3 SEC filing. Sprucegrove Investment Management Ltd sold 85,800 shares as Copa Holdings (CPA)’s stock rose 4.80%. The Sprucegrove Investment Management Ltd holds 649,657 shares with $80.90M value, down from 735,457 last quarter. Copa Holdings now has $5.48B valuation. The stock decreased 0.15% or $0.2 during the last trading session, reaching $130.2. About 52,097 shares traded. Copa Holdings, S.A. (NYSE:CPA) has risen 101.96% since February 15, 2017 and is uptrending. It has outperformed by 85.26% the S&P500.

Carlyle Group L.P. holds 2.37% of its portfolio in Enduro Royalty Trust for 8.60 million shares. Riverstone Holdings Llc owns 8.60 million shares or 1.31% of their US portfolio. Moreover, Botty Investors Llc has 0.64% invested in the company for 418,702 shares. The Texas-based Rr Advisors Llc has invested 0.28% in the stock. Yorkville Capital Management Llc, a New York-based fund reported 34,163 shares.

The stock increased 0.79% or $0.03 during the last trading session, reaching $3.2. About 8,679 shares traded. Enduro Royalty Trust (NDRO) has declined 7.25% since February 15, 2017 and is downtrending. It has underperformed by 23.95% the S&P500.

Among 16 analysts covering Copa Holdings SA (NYSE:CPA), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. Copa Holdings SA had 47 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 16 by Goldman Sachs. The stock of Copa Holdings, S.A. (NYSE:CPA) has “Hold” rating given on Friday, August 5 by HSBC. On Friday, May 6 the stock rating was downgraded by Credit Suisse to “Neutral”. Zacks downgraded the stock to “Hold” rating in Wednesday, August 26 report. Cowen & Co maintained the stock with “Hold” rating in Thursday, August 10 report. The stock of Copa Holdings, S.A. (NYSE:CPA) earned “Buy” rating by Bank of America on Monday, July 11. JP Morgan maintained Copa Holdings, S.A. (NYSE:CPA) rating on Tuesday, August 16. JP Morgan has “Neutral” rating and $93 target. The stock has “Hold” rating by Stifel Nicolaus on Monday, January 11. The company was downgraded on Monday, August 17 by Cowen & Co. Santander upgraded Copa Holdings, S.A. (NYSE:CPA) on Monday, December 4 to “Hold” rating.

Analysts await Copa Holdings, S.A. (NYSE:CPA) to report earnings on February, 21. They expect $2.32 earnings per share, up 63.38% or $0.90 from last year’s $1.42 per share. CPA’s profit will be $97.56M for 14.03 P/E if the $2.32 EPS becomes a reality. After $2.38 actual earnings per share reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts -2.52% negative EPS growth.

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