Kingstone Capital Partners Texas LLC Acquires New Position in Copa Holdings, S.A. $CPA

Key Points

• Kingstone Capital Partners Texas LLC has acquired 88,284 shares of Copa Holdings, S.A. valued at approximately $9.4 million, increasing its stake to 0.21% of the company.
• Multiple institutional investors, including Millennium Management and Goldman Sachs, have significantly increased their positions in Copa, reflecting strong interest among investors.
• Copa's most recent earnings report showed an EPS of $3.61, beating estimates and marking a year-over-year revenue increase of 2.8%, along with a dividend yield of 5.4%.

Kingstone Capital Partners Texas LLC bought a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 88,284 shares of the transportation company's stock, valued at approximately $9,392,000. Kingstone Capital Partners Texas LLC owned about 0.21% of Copa as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Copa by 19.7% in the 4th quarter. Northern Trust Corp now owns 20,850 shares of the transportation company's stock valued at $1,832,000 after purchasing an additional 3,433 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Copa during the 1st quarter valued at approximately $423,000. Aptus Capital Advisors LLC raised its stake in Copa by 12.5% during the 1st quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company's stock valued at $4,830,000 after acquiring an additional 5,808 shares during the last quarter. Hsbc Holdings PLC raised its stake in Copa by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company's stock valued at $4,841,000 after acquiring an additional 7,520 shares during the last quarter. Finally, Seven Mile Advisory purchased a new stake in Copa during the 1st quarter valued at approximately $223,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CPA. TD Cowen upped their price objective on Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Friday, August 8th. Citigroup dropped their target price on Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $154.40.

Copa Trading Up 1.7%

Copa stock traded up $2.02 during midday trading on Tuesday, reaching $121.98. The stock had a trading volume of 200,614 shares, compared to its average volume of 316,173. Copa Holdings, S.A. has a twelve month low of $82.54 and a twelve month high of $122.53. The stock has a market capitalization of $5.02 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The stock's 50-day simple moving average is $114.61 and its 200 day simple moving average is $104.43.

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

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, August 29th. Copa's payout ratio is presently 41.87%.

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.