American Trust Investment Advisors LLC Takes Position in Copa Holdings, S.A. $CPA

Key Points

• American Trust Investment Advisors LLC has acquired 9,200 shares of Copa Holdings, S.A. (NYSE:CPA) valued at approximately $851,000.
• Copa reported $3.61 earnings per share (EPS) for the recent quarter, exceeding analysts' estimates of $3.25, along with a revenue of $842.60 million.
• The company announced a quarterly dividend of $1.61 per share, with an annualized yield of 5.5%, set to be paid on September 15th.

American Trust Investment Advisors LLC purchased a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,200 shares of the transportation company's stock, valued at approximately $851,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC raised its stake in shares of Copa by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after acquiring an additional 169 shares during the last quarter. Retirement Planning Co of New England Inc. raised its stake in shares of Copa by 11.3% in the first quarter. Retirement Planning Co of New England Inc. now owns 3,053 shares of the transportation company's stock worth $282,000 after acquiring an additional 309 shares during the last quarter. Montag A & Associates Inc. bought a new position in shares of Copa in the first quarter worth about $30,000. Signet Financial Management LLC raised its stake in shares of Copa by 14.3% in the first quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock worth $244,000 after acquiring an additional 329 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Copa in the first quarter worth about $36,000. 70.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. TD Cowen lifted their price target on shares of Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Citigroup lowered their price target on shares of Copa from $159.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Copa in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $154.40.

Copa Trading Down 0.3%

NYSE CPA traded down $0.37 during trading on Friday, reaching $117.74. 210,756 shares of the stock traded hands, compared to its average volume of 303,378. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. The stock's 50-day moving average price is $113.18 and its 200 day moving average price is $102.61. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week high of $121.63.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, beating 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%. The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.88 earnings per share. Analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $1.61 per share. The ex-dividend date is Friday, August 29th. This represents a $6.44 dividend on an annualized basis and a yield of 5.5%. Copa's payout ratio is currently 41.87%.

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.