Hsbc Holdings PLC Purchases 7,520 Shares of Copa Holdings, S.A. $CPA

Key Points

• Hsbc Holdings PLC increased its holdings in Copa Holdings, S.A. by 16.7% in the first quarter, bringing their total ownership to 52,671 shares valued at approximately $4.84 million.
• Copa reported earnings of $3.61 per share for the last quarter, exceeding analyst expectations and marking a 2.8% revenue increase from the previous year.
• Analysts have a consensus rating of "Buy" on Copa, with price targets ranging from $145 to $159, indicating a positive outlook for the stock.

Hsbc Holdings PLC lifted its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,671 shares of the transportation company's stock after acquiring an additional 7,520 shares during the quarter. Hsbc Holdings PLC owned 0.13% of Copa worth $4,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Dimensional Fund Advisors LP raised its stake 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 worth $109,501,000 after buying an additional 99,955 shares in the last quarter. Carrhae Capital LLP grew its stake in Copa by 10.8% in the first quarter. Carrhae Capital LLP now owns 777,929 shares of the transportation company's stock valued at $71,927,000 after purchasing an additional 76,062 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Copa by 4,063.6% during the 4th quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock worth $47,684,000 after acquiring an additional 529,569 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Copa by 26.0% during the 1st quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company's stock worth $43,786,000 after acquiring an additional 97,656 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Copa by 1,279.2% during the 4th quarter. Millennium Management LLC now owns 324,235 shares of the transportation company's stock worth $28,494,000 after purchasing an additional 300,726 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Price Performance

CPA traded down $2.69 during trading on Friday, hitting $117.32. 192,700 shares of the stock traded hands, compared to its average volume of 323,125. Copa Holdings, S.A. has a twelve month low of $82.54 and a twelve month high of $121.63. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.02 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. The business has a 50 day moving average price of $111.73 and a 200 day moving average price of $101.64.

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

Copa Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup dropped their target price on Copa from $159.00 to $150.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Raymond James Financial reissued a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. TD Cowen raised their price objective on Copa from $144.00 to $147.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $145.00 price target (up previously from $125.00) on shares of Copa in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $154.40.

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.