Optimist Retirement Group LLC Acquires Shares of 3,017 Copa Holdings, S.A. (NYSE:CPA)

Optimist Retirement Group LLC purchased a new position in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,017 shares of the transportation company's stock, valued at approximately $279,000.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after acquiring an additional 132 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Copa by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after purchasing an additional 169 shares during the period. Everstar Asset Management LLC lifted its holdings in shares of Copa by 5.3% during the fourth quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company's stock valued at $497,000 after acquiring an additional 282 shares during the period. Montag A & Associates Inc. bought a new position in shares of Copa during the first quarter valued at $30,000. Finally, Signet Financial Management LLC lifted its holdings in shares of Copa by 14.3% during the first quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock valued at $244,000 after acquiring an additional 329 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPA has been the subject of a number of analyst reports. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Cowen reissued a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $153.00.

Copa Price Performance

Shares of CPA traded up $1.60 during trading hours on Wednesday, hitting $110.69. 78,809 shares of the company were exchanged, compared to its average volume of 317,806. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 0.76 and a beta of 1.31. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.15. 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 firm's fifty day moving average is $107.13 and its 200 day moving average is $97.39.

Copa (NYSE:CPA - Get Free Report) last announced 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. Copa had a return on equity of 25.91% and a net margin of 17.66%. The business had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. During the same period in the prior year, the company earned $4.19 EPS. Copa's revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Friday, May 30th. Copa's payout ratio is 43.96%.

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.