Proficio Capital Partners LLC Acquires New Position in Copa Holdings, S.A. (NYSE:CPA)

Proficio Capital Partners LLC bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,424 shares of the transportation company's stock, valued at approximately $1,004,000.

Several other large investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc boosted its position in shares of Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after acquiring an additional 143 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock valued at $563,000 after purchasing an additional 166 shares in the last quarter. Legend Financial Advisors Inc. increased its stake in Copa by 5.6% in the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock valued at $676,000 after purchasing an additional 406 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Copa by 10.3% during the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company's stock worth $490,000 after purchasing an additional 488 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Copa by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently commented on CPA. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $153.29.

Copa Stock Performance

Shares of CPA traded up $1.03 during mid-day trading on Tuesday, hitting $96.40. 195,249 shares of the company's stock were exchanged, compared to its average volume of 290,705. The firm has a market capitalization of $4.05 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The business's 50 day moving average is $93.34 and its two-hundred day moving average is $93.30. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping analysts' consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, equities analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.68%. Copa's dividend payout ratio is currently 44.23%.

Copa Company 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.