Deltec Asset Management LLC Has $6.52 Million Stake in Copa Holdings, S.A. (NYSE:CPA)

Deltec Asset Management LLC reduced its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 17.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,528 shares of the transportation company's stock after selling 14,807 shares during the quarter. Copa makes up approximately 1.4% of Deltec Asset Management LLC's holdings, making the stock its 19th largest holding. Deltec Asset Management LLC owned about 0.17% of Copa worth $6,521,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Copa Stock Up 2.7%

CPA traded up $2.75 during trading on Tuesday, reaching $105.40. The company had a trading volume of 319,735 shares, compared to its average volume of 321,064. The company has a market cap of $4.34 billion, a P/E ratio of 7.19, a PEG ratio of 0.73 and a beta of 1.33. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $110.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.99 and a quick ratio of 0.88. The business's fifty day moving average price is $100.14 and its 200 day moving average price is $94.31.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $888.82 million. Copa had a return on equity of 25.91% and a net margin of 17.66%. Copa's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.19 earnings per share. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.11%. The ex-dividend date was Friday, May 30th. Copa's payout ratio is presently 43.96%.

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.