Copa Holdings, S.A. $CPA Shares Acquired by Hsbc Holdings PLC

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 grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,671 shares of the transportation company's stock after acquiring an additional 7,520 shares during the period. Hsbc Holdings PLC owned about 0.13% of Copa worth $4,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aptus Capital Advisors LLC increased its stake in Copa by 12.5% in the 1st quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company's stock valued at $4,830,000 after purchasing an additional 5,808 shares in the last quarter. Seven Mile Advisory acquired a new stake in Copa in the first quarter valued at $223,000. Ethic Inc. increased its position in shares of Copa by 0.7% in the first quarter. Ethic Inc. now owns 57,715 shares of the transportation company's stock valued at $5,266,000 after buying an additional 403 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Copa by 1.2% during the 1st quarter. Brandywine Global Investment Management LLC now owns 120,510 shares of the transportation company's stock worth $11,142,000 after buying an additional 1,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Copa by 9.2% during 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 during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley restated an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Copa in a report on Monday, August 11th. TD Cowen increased their price target on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cowen restated a "buy" rating on shares of Copa in a research report on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. Finally, Citigroup lowered their target price on Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. 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 data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $154.40.

Copa Trading Down 2.2%

Shares of Copa stock traded down $2.69 during trading hours on Friday, reaching $117.32. 192,700 shares of the company's stock were exchanged, compared to its average volume of 361,364. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $121.63. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.31. The company has a fifty day moving average of $112.02 and a 200-day moving average of $101.95. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58.

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

Copa Dividend Announcement

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