Captrust Financial Advisors Acquires 529,569 Shares of Copa Holdings, S.A. (NYSE:CPA)

Captrust Financial Advisors increased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 4,063.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 542,601 shares of the transportation company's stock after buying an additional 529,569 shares during the quarter. Captrust Financial Advisors owned 1.29% of Copa worth $47,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPA. JPMorgan Chase & Co. increased its stake in Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock valued at $231,002,000 after buying an additional 11,300 shares during the last quarter. FMR LLC grew its stake in shares of Copa by 18.1% in the fourth quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock valued at $132,151,000 after buying an additional 230,653 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Copa by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock worth $95,290,000 after buying an additional 159,470 shares during the last quarter. Carrhae Capital LLP raised its position in Copa by 26.3% during the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock worth $61,680,000 after acquiring an additional 145,967 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of Copa by 8.6% during the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock worth $49,380,000 after purchasing an additional 44,298 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Trading Down 2.3 %

NYSE CPA traded down $2.27 on Friday, hitting $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 PE ratio of 6.76, a PEG ratio of 0.87 and a beta of 1.26. 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 $91.69 and its 200 day moving average is $92.55. 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 (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, topping the consensus estimate of $3.77 by $0.51. Copa had a net margin of 17.67% and a return on equity of 26.70%. The company had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. During the same quarter last year, the firm posted $4.19 EPS. The company's quarterly revenue was up .6% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 30th. Copa's dividend payout ratio (DPR) is presently 43.96%.

Analyst Ratings Changes

CPA has been the subject of a number of research analyst reports. StockNews.com upgraded Copa from a "hold" rating to a "buy" rating in a report on Friday. Cowen reaffirmed a "buy" rating on shares of Copa in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $153.29.

About Copa

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.