Captrust Financial Advisors lifted 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,601 shares of the transportation company's stock after acquiring an additional 529,569 shares during the quarter. Captrust Financial Advisors owned about 1.29% of Copa worth $47,684,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in CPA. Aptus Capital Advisors LLC raised its position in Copa by 23.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 46,434 shares of the transportation company's stock valued at $4,081,000 after purchasing an additional 8,692 shares during the period. Northern Trust Corp raised its holdings in shares of Copa by 19.7% during the 4th quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock valued at $1,832,000 after buying an additional 3,433 shares during the period. Hsbc Holdings PLC lifted its position in Copa by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 45,151 shares of the transportation company's stock worth $3,954,000 after acquiring an additional 3,418 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Copa in the 4th quarter worth approximately $760,000. Finally, Mirabella Financial Services LLP acquired a new stake in Copa in the fourth quarter valued at approximately $2,132,000. 70.09% of the stock is owned by hedge funds and other institutional investors.
Copa Stock Performance
Shares of CPA stock opened at $94.80 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.87 and a beta of 1.26. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company's 50-day simple moving average is $91.25 and its 200-day simple moving average is $92.55.
Copa (NYSE:CPA - Get Free Report) last issued its earnings results 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%. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.
Copa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.79%. Copa's dividend payout ratio (DPR) is 44.23%.
Analyst Upgrades and Downgrades
CPA has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. 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, Copa presently has a consensus rating of "Buy" and an average price target of $153.29.
Check Out Our Latest Analysis on CPA
Copa Profile
(
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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