Raymond James Financial Inc. bought a new position in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 528,372 shares of the transportation company's stock, valued at approximately $46,433,000. Raymond James Financial Inc. owned 1.26% of Copa as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Copa by 147.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after buying an additional 591 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in Copa during the third quarter valued at approximately $240,000. Envestnet Asset Management Inc. bought a new position in Copa in the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC increased its position in shares of Copa by 24.1% during 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 during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Copa by 90.0% during the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares in the last quarter. 70.09% of the stock is owned by institutional investors.
Analyst Ratings Changes
CPA has been the topic of a number of recent analyst reports. Cowen restated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. UBS Group upped their target price on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One 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 stock presently has an average rating of "Buy" and an average price target of $153.29.
Check Out Our Latest Report on Copa
Copa Stock Performance
NYSE CPA traded up $0.05 on Friday, hitting $88.06. 155,317 shares of the stock traded hands, compared to its average volume of 305,329. The business's fifty day moving average is $92.27 and its two-hundred day moving average is $93.06. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.87 and a beta of 1.11. 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 released its quarterly earnings data 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 return on equity of 26.70% and a net margin of 17.67%. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.
Copa Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.31%. Copa's dividend payout ratio (DPR) is presently 44.23%.
Copa Company Profile
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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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