Mackenzie Financial Corp raised its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 342.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,900 shares of the transportation company's stock after buying an additional 9,210 shares during the period. Mackenzie Financial Corp's holdings in Copa were worth $1,046,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Copa by 147.8% during 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 in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Copa in the 4th quarter valued at $225,000. Steward Partners Investment Advisory LLC boosted its position 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 period. SG Americas Securities LLC boosted its position in shares of Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after purchasing an additional 1,288 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new position in shares of Copa in the 4th quarter valued at $241,000. 70.09% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CPA has been the subject of several recent analyst reports. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Cowen reaffirmed a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Copa has an average rating of "Moderate Buy" and a consensus price target of $153.00.
Read Our Latest Stock Report on CPA
Copa Stock Down 0.3%
Shares of CPA stock traded down $0.37 during trading on Tuesday, hitting $108.81. 178,400 shares of the company were exchanged, compared to its average volume of 326,468. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.87 and a beta of 1.26. The business's 50-day simple moving average is $95.09 and its 200 day simple moving average is $93.18. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $110.56.
Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The company had revenue of $899.18 million during the quarter, compared to analyst estimates of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $4.19 EPS. As a group, analysts forecast 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 will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.61 per share. The ex-dividend date is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.92%. Copa's dividend payout ratio is 43.96%.
About Copa
(
Free Report)
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.
Featured Articles
Before you consider Copa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copa wasn't on the list.
While Copa currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
