Carolina Wealth Advisors LLC Lowers Position in Copa Holdings, S.A. (NYSE:CPA)

Carolina Wealth Advisors LLC lessened its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 59.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,583 shares of the transportation company's stock after selling 3,825 shares during the period. Carolina Wealth Advisors LLC's holdings in Copa were worth $239,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in Copa during the fourth quarter worth $1,004,000. VELA Investment Management LLC boosted its stake in Copa by 8.3% during the fourth quarter. VELA Investment Management LLC now owns 35,042 shares of the transportation company's stock worth $3,079,000 after buying an additional 2,671 shares during the period. U S Global Investors Inc. boosted its stake in Copa by 6.9% during the fourth quarter. U S Global Investors Inc. now owns 60,880 shares of the transportation company's stock worth $5,350,000 after buying an additional 3,912 shares during the period. Fourth Sail Capital LP boosted its stake in Copa by 32.4% during the fourth quarter. Fourth Sail Capital LP now owns 207,790 shares of the transportation company's stock worth $18,261,000 after buying an additional 50,805 shares during the period. Finally, Marathon Asset Management Ltd boosted its stake in Copa by 1.3% during the fourth quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company's stock worth $45,821,000 after buying an additional 6,723 shares during the period. Institutional investors own 70.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CPA shares. Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Copa has an average rating of "Buy" and an average target price of $153.00.

Copa Trading Up 1.0%

Shares of CPA traded up $1.09 during trading hours on Friday, reaching $108.04. 322,665 shares of the company traded hands, compared to its average volume of 319,618. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.76 and a beta of 1.33. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $110.73. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average price is $101.59 and its 200 day moving average price is $94.75.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. Copa had a net margin of 17.66% and a return on equity of 25.91%. The company had revenue of $899.18 million during the quarter, compared to analyst estimates of $888.82 million. During the same period in the prior year, the firm earned $4.19 earnings per share. The firm's revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Friday, May 30th. Copa's dividend payout ratio (DPR) is presently 43.96%.

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.