Market News

Altrinsic Global Advisors Has Cut By $576,000 Its Brown & Brown (BRO) Position; Last Week Copa Holdings, S.A. (CPA) Coverage

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 Tuesday, September 22 by UBS. Evercore downgraded the stock to “Sell” rating in Tuesday, March 22 report. The rating was initiated by Stifel Nicolaus on Monday, January 11 with “Hold”. The stock has “Outperform” rating by Credit Suisse on Thursday, February 18. Wolfe Research downgraded the stock to “Underperform” rating in Friday, August 21 report. The company was downgraded on Friday, May 6 by Credit Suisse. The rating was upgraded by Wolfe Research to “Peer Perform” on Thursday, November 10. The stock has “Hold” rating by Zacks on Wednesday, August 26. The firm earned “Underperform” rating on Friday, June 10 by Wolfe Research. The company was upgraded on Thursday, August 4 by Citigroup. See Copa Holdings, S.A. (NYSE:CPA) latest ratings:

08/01/2018 Broker: Cowen & Co Rating: Hold New Target: $137.0 Maintain
04/12/2017 Broker: Santander Old Rating: Underperform New Rating: Hold Upgrade
21/11/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
21/11/2017 Broker: J.P. Morgan Rating: Buy New Target: $155.0 Upgrade
10/11/2017 Broker: Cowen & Co Rating: Market Perform Old Target: $120.00 New Target: $130.00 Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $120.0 Maintain
26/09/2017 Broker: S.A. Copa Holdings Rating: S.A. Class A Common Stock Old Target: $Buy 167
11/09/2017 Broker: Cowen & Co Rating: Hold New Target: $120.0 Maintain

Altrinsic Global Advisors Llc decreased Brown & Brown Inc (BRO) stake by 39.45% reported in 2017Q3 SEC filing. Altrinsic Global Advisors Llc sold 12,000 shares as Brown & Brown Inc (BRO)’s stock declined 4.10%. The Altrinsic Global Advisors Llc holds 18,418 shares with $888,000 value, down from 30,418 last quarter. Brown & Brown Inc now has $7.30B valuation. The stock increased 0.46% or $0.24 during the last trading session, reaching $52.88. About 145,169 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 19.69% since February 16, 2017 and is uptrending. It has outperformed by 2.99% the S&P500.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.13, from 1.29 in 2017Q2. It worsened, as 20 investors sold BRO shares while 79 reduced holdings. 32 funds opened positions while 83 raised stakes. 99.49 million shares or 0.74% less from 100.23 million shares in 2017Q2 were reported. Brown Brothers Harriman And holds 8,824 shares. Amer Interest Grp has 274,875 shares for 0.05% of their portfolio. Stephens Inc Ar stated it has 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Mackenzie owns 283,902 shares or 0.07% of their US portfolio. Utah Retirement Sys holds 21,492 shares or 0.02% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 4,322 shares. Wells Fargo & Mn invested in 5.80 million shares. Moreover, Fmr Limited Liability has 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 2.03 million shares. Ing Groep Nv accumulated 0.01% or 14,212 shares. 23,307 are held by Bb&T Securities Ltd Liability Co. Employees Retirement Of Texas holds 0.04% or 65,000 shares in its portfolio. Oakbrook Limited Liability reported 9,400 shares. Park Natl Corp Oh, a Ohio-based fund reported 93,629 shares. Dupont Cap Mngmt accumulated 0.01% or 11,059 shares. Morgan Stanley holds 0% or 283,931 shares.

Altrinsic Global Advisors Llc increased Ignyta Inc (NASDAQ:RXDX) stake by 90,000 shares to 160,000 valued at $1.98M in 2017Q3. It also upped General Electric Co (NYSE:GE) stake by 760,297 shares and now owns 1.95M shares. Chubb Limited was raised too.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown had 48 analyst reports since August 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Friday, December 16. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Neutral” rating by Citigroup on Tuesday, February 16. The company was downgraded on Monday, August 24 by Zacks. The stock of Brown & Brown, Inc. (NYSE:BRO) earned “Underweight” rating by JP Morgan on Tuesday, June 28. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Wells Fargo maintained Brown & Brown, Inc. (NYSE:BRO) on Wednesday, April 19 with “Hold” rating. BMO Capital Markets upgraded the stock to “Market Perform” rating in Monday, December 12 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, October 6. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, July 19. Barclays Capital downgraded it to “Underweight” rating and $28 target in Thursday, January 7 report.

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services in Panama and internationally. The company has market cap of $5.54 billion. The firm offers approximately 337 daily scheduled flights to 73 destinations in 31 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. It has a 15.57 P/E ratio. As of December, 31, 2016, it operated a fleet of 99 aircraft comprising 14 Boeing 737-700 next generation aircraft, 64 Boeing 737-800 next generation aircraft, and 21 Embraer 190 aircraft.

The stock increased 0.75% or $0.98 during the last trading session, reaching $131.68. About 140,612 shares traded. Copa Holdings, S.A. (NYSE:CPA) has risen 101.96% since February 16, 2017 and is uptrending. It has outperformed by 85.26% the S&P500.

Leave a Reply

Your email address will not be published. Required fields are marked *