Harbor Capital Advisors Inc. Has $681,000 Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Harbor Capital Advisors Inc. lowered its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 50.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,361 shares of the transportation company's stock after selling 7,489 shares during the period. Harbor Capital Advisors Inc.'s holdings in Copa were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 591 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Copa in the fourth quarter valued at about $225,000. Steward Partners Investment Advisory LLC boosted its stake in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Copa in the fourth quarter valued at about $241,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Copa in the fourth quarter valued at about $244,000. Institutional investors own 70.09% of the company's stock.

Copa Trading Up 1.9%

Shares of CPA stock traded up $1.93 during mid-day trading on Monday, reaching $105.70. 250,906 shares of the stock traded hands, compared to its average volume of 319,811. The stock's fifty day simple moving average is $98.55 and its two-hundred day simple moving average is $93.84. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $110.73. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The firm had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. The business's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $4.19 earnings per share. On average, research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend was Friday, May 30th. Copa's dividend payout ratio is currently 43.96%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research note on Saturday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Copa currently has a consensus rating of "Buy" and an average price target 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.