Advent Capital Management DE Buys Shares of 25,000 Copa Holdings, S.A. (NYSE:CPA)

Advent Capital Management DE bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,000 shares of the transportation company's stock, valued at approximately $2,197,000. Advent Capital Management DE owned about 0.06% of Copa as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of Copa by 44.2% in the third quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock worth $2,319,000 after buying an additional 7,576 shares in the last quarter. Optimist Retirement Group LLC bought a new position in shares of Copa during the third quarter worth $240,000. CWA Asset Management Group LLC grew its stake in Copa by 24.7% in the fourth quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company's stock worth $713,000 after purchasing an additional 1,605 shares in the last quarter. Range Financial Group LLC purchased a new stake in Copa during the fourth quarter valued at approximately $1,086,000. Finally, Legend Financial Advisors Inc. lifted its holdings in shares of Copa by 5.6% during the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock worth $676,000 after purchasing an additional 406 shares during the period. Institutional investors own 70.09% of the company's stock.

Copa Stock Up 0.1 %

Shares of NYSE:CPA traded up $0.05 during midday trading on Friday, reaching $88.06. The company had a trading volume of 155,317 shares, compared to its average volume of 305,251. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The stock has a market capitalization of $3.70 billion, a P/E ratio of 6.05, a PEG ratio of 0.87 and a beta of 1.11. The stock's fifty day moving average price is $92.27 and its 200-day moving average price is $93.07.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.31%. Copa's payout ratio is currently 44.23%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPA shares. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group raised their price objective on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Cowen restated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Copa presently has an average rating of "Buy" and a consensus price target of $153.29.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.