CM Management LLC Boosts Position in Copa Holdings, S.A. (NYSE:CPA)

CM Management LLC raised its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the transportation company's stock after purchasing an additional 12,500 shares during the period. Copa accounts for 2.3% of CM Management LLC's investment portfolio, making the stock its 15th largest holding. CM Management LLC owned approximately 0.07% of Copa worth $2,636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc boosted its holdings in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the 3rd quarter valued at $82,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares in the last quarter. SG Americas Securities LLC raised its stake in Copa by 90.0% during the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Optimist Retirement Group LLC acquired a new stake in Copa during the 3rd quarter worth $240,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Copa Stock Performance

Shares of NYSE CPA traded down $2.00 during midday trading on Wednesday, reaching $92.49. 456,456 shares of the company were exchanged, compared to its average volume of 287,257. The stock has a fifty day simple moving average of $92.31 and a 200 day simple moving average of $93.06. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.89 billion, a P/E ratio of 6.35, a PEG ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00.

Copa (NYSE:CPA - Get Free Report) last released 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 net margin of 17.67% and a return on equity of 26.70%. On average, research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.61 per share. The ex-dividend date is Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 6.96%. Copa's payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group upped 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. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cowen restated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $153.29.

Copa Profile

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.