25,000 Shares in Copa Holdings, S.A. (NYSE:CPA) Bought by Advent Capital Management DE

Advent Capital Management DE acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the transportation company's stock, valued at approximately $2,197,000. Advent Capital Management DE owned 0.06% of Copa at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after buying an additional 591 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Copa in the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC increased its holdings 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 buying an additional 521 shares during the last quarter. SG Americas Securities LLC increased its stake in Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Optimist Retirement Group LLC acquired a new position in Copa during the third quarter valued at approximately $240,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of Copa in a report on Tuesday, February 18th. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, UBS Group upped 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. One 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $153.29.

Copa Trading Down 0.9 %

NYSE CPA traded down $0.77 on Monday, hitting $87.37. The company's stock had a trading volume of 53,690 shares, compared to its average volume of 304,326. The firm has a market cap of $3.67 billion, a PE ratio of 6.00, a PEG ratio of 0.87 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The company's 50-day moving average is $92.27 and its 200 day moving average is $93.06.

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

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.37%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio (DPR) is presently 44.23%.

Copa 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.