U S Global Investors Inc. Sells 20,879 Shares of Copa Holdings, S.A. (NYSE:CPA)

U S Global Investors Inc. cut its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,001 shares of the transportation company's stock after selling 20,879 shares during the period. U S Global Investors Inc. owned about 0.10% of Copa worth $3,698,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after purchasing an additional 591 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Copa in the 4th quarter valued at about $225,000. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after buying an additional 521 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Copa during the 4th quarter worth approximately $241,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Copa in the 4th quarter worth approximately $244,000. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Copa Stock Performance

NYSE:CPA traded up $1.09 during trading on Friday, reaching $108.04. The company's stock had a trading volume of 322,665 shares, 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 price-to-earnings-growth ratio of 0.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a 50 day moving average of $101.59 and a 200-day moving average of $94.75. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $110.73.

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

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.61 per share. The ex-dividend date was Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.96%. Copa's payout ratio is 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.