Copa Holdings, S.A. $CPA Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Copa Holdings, S.A. by 39.5% during Q1, bringing its total investment to $1.62 million with 17,501 shares owned.
• Copa Holdings reported earnings of $3.61 per share for the last quarter, exceeding analysts' estimates and reflecting a year-over-year revenue increase of 2.8%.
• Several analysts have recently upgraded their ratings for Copa, with a consensus target price now set at $157.83, indicating strong investor interest.

Russell Investments Group Ltd. raised its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 39.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,501 shares of the transportation company's stock after buying an additional 4,951 shares during the quarter. Russell Investments Group Ltd.'s holdings in Copa were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. acquired a new position in shares of Copa during the 1st quarter valued at about $30,000. Bayforest Capital Ltd purchased a new stake in Copa during the first quarter worth about $36,000. US Bancorp DE increased its stake in Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after purchasing an additional 397 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Copa by 2,813.9% during the first quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock worth $97,000 after buying an additional 1,013 shares during the period. Finally, Atlas Capital Advisors Inc. increased its stake in shares of Copa by 1,086.9% during the first quarter. Atlas Capital Advisors Inc. now owns 1,270 shares of the transportation company's stock worth $117,000 after buying an additional 1,163 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CPA shares. Raymond James Financial restated a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. Morgan Stanley reiterated an "overweight" rating and issued a $145.00 price target (up from $125.00) on shares of Copa in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Citigroup dropped their price target on shares of Copa from $159.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, TD Cowen increased their price target on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $154.40.

Copa Stock Performance

Shares of CPA stock traded down $2.69 during trading hours on Monday, hitting $117.32. The stock had a trading volume of 192,700 shares, compared to its average volume of 361,364. The firm has a market capitalization of $4.83 billion, a PE ratio of 7.63, a PEG ratio of 1.02 and a beta of 1.31. Copa Holdings, S.A. has a twelve month low of $82.54 and a twelve month high of $121.63. The stock's 50 day moving average is $112.02 and its 200 day moving average is $101.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.36. The business had revenue of $842.60 million during the quarter, compared to the consensus estimate of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The company's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. As a group, research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, August 29th. Copa's dividend payout ratio is presently 41.87%.

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.