Copa Holdings, S.A. $CPA Shares Acquired by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC increased its stake in Copa Holdings by 26.8% in the first quarter, holding approximately $2.2 million worth of the company's shares.
• Copa's latest earnings report showed an EPS of $3.61, exceeding expectations, while revenue was $842.6 million, marking a 2.8% increase year-over-year.
• The company's dividend yield is currently at 5.5%, with a quarterly dividend of $1.61 set to be paid on September 15th.

Kestra Investment Management LLC grew its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,540 shares of the transportation company's stock after purchasing an additional 4,972 shares during the quarter. Kestra Investment Management LLC owned about 0.06% of Copa worth $2,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in Copa by 56.5% during the 1st quarter. Millennium Management LLC now owns 507,419 shares of the transportation company's stock worth $46,916,000 after buying an additional 183,184 shares during the last quarter. Amundi boosted its holdings in Copa by 2.5% in the first quarter. Amundi now owns 55,811 shares of the transportation company's stock worth $5,107,000 after acquiring an additional 1,385 shares in the last quarter. American Trust Investment Advisors LLC purchased a new stake in shares of Copa during the first quarter worth about $851,000. Retirement Planning Co of New England Inc. increased its holdings in shares of Copa by 11.3% during the first quarter. Retirement Planning Co of New England Inc. now owns 3,053 shares of the transportation company's stock valued at $282,000 after acquiring an additional 309 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Copa during the first quarter valued at about $50,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Cowen reiterated a "buy" rating on shares of Copa in a research note on Friday, August 8th. TD Cowen upped their target price on Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Morgan Stanley reiterated an "overweight" rating and set a $145.00 price target (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, Copa currently has an average rating of "Buy" and an average target price of $154.40.

Copa Stock Performance

NYSE CPA traded up $2.19 during mid-day trading on Thursday, reaching $117.12. 269,835 shares of the stock were exchanged, compared to its average volume of 320,905. The company has a market capitalization of $4.82 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The business's 50 day moving average is $113.46 and its 200-day moving average is $102.94. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $121.63.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.25 by $0.36. The company had revenue of $842.60 million for the quarter, compared to the consensus estimate of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.Copa's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 earnings per share. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given 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 dividend payout ratio is currently 41.87%.

Copa 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.