Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,744 shares of the transportation company's stock, valued at approximately $241,000.
Other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc lifted its holdings in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Copa in the 3rd quarter worth approximately $82,000. EverSource Wealth Advisors LLC lifted its holdings in Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Optimist Retirement Group LLC purchased a new position in Copa in the 3rd quarter worth approximately $240,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Copa by 24.1% in the 4th 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. 70.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on CPA shares. Cowen reissued a "buy" rating on shares of Copa in a report on Tuesday, February 18th. UBS Group lifted their price objective on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $153.29.
Check Out Our Latest Analysis on CPA
Copa Trading Down 0.4 %
Shares of NYSE CPA traded down $0.35 during trading hours on Friday, hitting $94.20. 336,590 shares of the company traded hands, compared to its average volume of 290,532. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. 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 company's 50 day moving average price is $93.20 and its 200 day moving average price is $93.19. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month 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 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.84%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio is currently 44.23%.
About Copa
(
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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