2,255 Shares in Copa Holdings, S.A. $CPA Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC acquired 2,255 shares of Copa Holdings, S.A. for approximately $248,000, marking a new investment in the company.
• A number of large investors, including Millennium Management LLC and Goldman Sachs Group Inc., significantly increased their holdings in Copa, with total institutional ownership at 70.09%.
• Copa reported a quarterly earnings of $3.61 EPS, surpassing estimates, alongside a 5.1% dividend yield following a recent dividend payment of $1.61.

Janney Montgomery Scott LLC acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,255 shares of the transportation company's stock, valued at approximately $248,000.

A number of other large investors also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Copa by 56.5% in the 1st quarter. Millennium Management LLC now owns 507,419 shares of the transportation company's stock valued at $46,916,000 after buying an additional 183,184 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Copa by 56.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company's stock valued at $31,488,000 after buying an additional 122,413 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Copa by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company's stock valued at $109,501,000 after buying an additional 99,955 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Copa by 26.0% in the 1st quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company's stock valued at $43,786,000 after buying an additional 97,656 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Copa in the 2nd quarter valued at $9,392,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPA. TD Cowen upped their target price on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a report on Friday, August 8th. Cowen restated a "buy" rating on shares of Copa in a report on Friday, August 8th. Evercore ISI upped their target price on shares of Copa from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Morgan Stanley restated an "overweight" rating and issued a $145.00 target price (up previously from $125.00) on shares of Copa in a report on Monday, August 11th. Finally, Citigroup lowered their target price on shares of Copa from $159.00 to $150.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat.com, Copa presently has an average rating of "Buy" and an average price target of $155.33.

Copa Stock Up 1.7%

Shares of NYSE:CPA opened at $126.98 on Tuesday. The stock has a market cap of $5.23 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.09 and a beta of 1.30. The firm has a fifty day moving average price of $119.09 and a 200 day moving average price of $108.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. Copa Holdings, S.A. has a 1-year low of $82.54 and a 1-year high of $130.00.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to analysts' expectations of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. Copa's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, August 29th. Copa's dividend payout ratio (DPR) is 41.87%.

Copa Company 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.

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