Deltec Asset Management LLC Sells 14,807 Shares of Copa Holdings, S.A. (NYSE:CPA)

Deltec Asset Management LLC lowered its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,528 shares of the transportation company's stock after selling 14,807 shares during the period. Copa accounts for about 1.4% of Deltec Asset Management LLC's holdings, making the stock its 19th biggest position. Deltec Asset Management LLC owned approximately 0.17% of Copa worth $6,521,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after acquiring an additional 591 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Copa in the 4th quarter valued at $225,000. Signet Financial Management LLC increased its position in shares of Copa by 14.3% during the 1st quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock valued at $244,000 after purchasing an additional 329 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake 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 purchasing an additional 521 shares during the period. Finally, Retirement Planning Co of New England Inc. purchased a new position in shares of Copa in the 4th quarter worth about $241,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Price Performance

NYSE:CPA traded down $1.26 during mid-day trading on Friday, hitting $102.48. 272,382 shares of the stock traded hands, compared to its average volume of 320,957. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $110.73. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.22 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.33. The business's 50-day moving average price is $99.84 and its 200 day moving average price is $94.22.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. The company 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 25.91% and a net margin of 17.66%. 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 earnings per share. On average, analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.61 dividend. The ex-dividend date was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.28%. Copa's payout ratio is 43.96%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Copa has a consensus rating of "Buy" and a consensus target price of $153.00.

Copa Company 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.