Proficio Capital Partners LLC acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,424 shares of the transportation company's stock, valued at approximately $1,004,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Wishbone Management LP increased its stake in Copa by 20.0% in the 3rd quarter. Wishbone Management LP now owns 420,000 shares of the transportation company's stock valued at $39,413,000 after purchasing an additional 70,000 shares in the last quarter. Fourth Sail Capital LP increased its position in shares of Copa by 45.0% in the third quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company's stock valued at $14,731,000 after buying an additional 48,692 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Copa during the 3rd quarter worth $14,094,000. Two Sigma Advisers LP boosted its position in shares of Copa by 250.1% in the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company's stock worth $12,059,000 after buying an additional 91,805 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Copa in the 3rd quarter valued at about $9,764,000. Hedge funds and other institutional investors own 70.09% of the company's stock.
Copa Trading Up 2.2 %
NYSE:CPA traded up $2.08 during mid-day trading on Tuesday, reaching $94.52. The company's stock had a trading volume of 531,935 shares, compared to its average volume of 286,230. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company's fifty day simple moving average is $92.18 and its two-hundred day simple moving average is $93.04. 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 cap of $3.97 billion, a P/E ratio of 6.49, a P/E/G ratio of 0.87 and a beta of 1.42.
Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, equities analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.
Copa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Friday, February 28th. Copa's dividend payout ratio (DPR) is currently 44.23%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on CPA shares. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group increased 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. Finally, Cowen reissued a "buy" rating on shares of Copa in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $153.29.
Read Our Latest Stock Analysis on Copa
Copa Profile
(
Free Report)
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.
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