Cetera Investment Advisers Takes $411,000 Position in Copa Holdings, S.A. (NYSE:CPA)

Cetera Investment Advisers acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,675 shares of the transportation company's stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Copa by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after buying an additional 11,300 shares during the period. FMR LLC boosted its stake in 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 acquiring an additional 230,653 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Copa by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock valued at $95,290,000 after acquiring an additional 159,470 shares during the last quarter. Carrhae Capital LLP grew its holdings in Copa by 26.3% during the 4th 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 during the period. Finally, Brandes Investment Partners LP raised its position 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 valued at $49,380,000 after acquiring an additional 44,298 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Trading Down 1.6%

Shares of NYSE CPA traded down $1.81 during midday trading on Friday, reaching $108.01. 427,463 shares of the stock were exchanged, compared to its average volume of 313,876. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $110.56. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The business has a 50-day simple moving average of $94.82 and a two-hundred day simple moving average of $93.25.

Copa (NYSE:CPA - Get Free Report) last issued 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. The business had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. The firm's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $4.19 EPS. As a group, equities research analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Friday, May 30th. Copa's dividend payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

CPA has been the topic of several recent research reports. Cowen restated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen lowered Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.00.

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.