SPX Gestao de Recursos Ltda raised its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 388,686 shares of the transportation company's stock after acquiring an additional 3,657 shares during the quarter. Copa accounts for about 5.1% of SPX Gestao de Recursos Ltda's holdings, making the stock its 3rd biggest position. SPX Gestao de Recursos Ltda owned about 0.92% of Copa worth $34,158,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc lifted 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 acquiring an additional 143 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Copa in the third quarter valued at $82,000. Steward Partners Investment Advisory LLC lifted its holdings in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after acquiring an additional 521 shares during the period. SG Americas Securities LLC lifted its holdings in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,288 shares during the period. Finally, Optimist Retirement Group LLC acquired a new stake in Copa in the third quarter valued at $240,000. Institutional investors and hedge funds own 70.09% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Cowen restated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $153.29.
Read Our Latest Research Report on Copa
Copa Price Performance
Copa stock traded up $0.82 during midday trading on Friday, reaching $92.82. 341,362 shares of the company were exchanged, compared to its average volume of 287,958. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.87 and a beta of 1.42. The firm's 50-day simple moving average is $92.67 and its 200-day simple moving average is $93.06. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.
Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS 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, analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.
Copa Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Friday, February 28th. Copa's dividend payout ratio is presently 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.
Further Reading
Before you consider Copa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copa wasn't on the list.
While Copa currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
