U S Global Investors Inc. Raises Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

U S Global Investors Inc. increased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,880 shares of the transportation company's stock after buying an additional 3,912 shares during the quarter. Copa accounts for about 0.5% of U S Global Investors Inc.'s portfolio, making the stock its 28th largest position. U S Global Investors Inc. owned approximately 0.14% of Copa worth $5,350,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after acquiring an additional 143 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Copa during the 3rd quarter worth approximately $82,000. SG Americas Securities LLC increased 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 valued at $239,000 after purchasing an additional 1,288 shares in the last quarter. Optimist Retirement Group LLC purchased a new position in shares of Copa in the third quarter worth $240,000. Finally, Hyperion Capital Advisors LP acquired a new stake in shares of Copa during the third quarter worth $282,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPA. UBS Group upped their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Cowen reissued a "buy" rating on shares of Copa in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $153.29.

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Copa Stock Performance

Shares of CPA stock traded up $0.89 on Tuesday, hitting $92.42. The company had a trading volume of 587,456 shares, compared to its average volume of 282,937. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.89 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a 50-day moving average price of $91.55 and a 200-day moving average price of $92.88.

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

Copa Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.97%. Copa's dividend payout ratio is presently 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.