Copa Holdings, S.A. (NYSE:CPA) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,434 shares of the transportation company's stock after buying an additional 8,692 shares during the period. Aptus Capital Advisors LLC owned about 0.11% of Copa worth $4,081,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPA. EverSource Wealth Advisors LLC increased its position in shares of Copa by 147.8% during the fourth 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. Envestnet Asset Management Inc. acquired a new stake in Copa during the 4th quarter worth $225,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Copa by 24.1% during the fourth 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 in the last quarter. SG Americas Securities LLC raised its position in shares of 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 buying an additional 1,288 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new position in shares of Copa in the fourth quarter worth about $241,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Trading Down 2.3 %

NYSE:CPA traded down $2.27 on Friday, reaching $98.41. The company's stock had a trading volume of 377,681 shares, compared to its average volume of 309,408. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. 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 12-month low of $80.01 and a 12-month high of $114.00. The stock has a 50 day moving average price of $91.69 and a 200 day moving average price of $92.55.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The company had revenue of $899.18 million for the quarter, compared to analysts' expectations of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. Copa's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.19 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 30th. Copa's payout ratio is 43.96%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com upgraded shares of Copa from a "hold" rating to a "buy" rating in a report on Friday. Cowen restated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $153.29.

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.