Trek Financial LLC Takes $5.22 Million Position in Copa Holdings, S.A. (NYSE:CPA)

Trek Financial LLC purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,414 shares of the transportation company's stock, valued at approximately $5,216,000. Trek Financial LLC owned 0.13% of Copa at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Copa by 4,063.6% during the fourth quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock worth $47,684,000 after buying an additional 529,569 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Copa during the fourth quarter worth about $46,433,000. Canada Pension Plan Investment Board acquired a new position in shares of Copa during the fourth quarter worth about $40,311,000. Millennium Management LLC grew its position in shares of Copa by 1,279.2% during the fourth quarter. Millennium Management LLC now owns 324,235 shares of the transportation company's stock worth $28,494,000 after buying an additional 300,726 shares in the last quarter. Finally, FMR LLC grew its position in shares of Copa by 18.1% during the fourth quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock worth $132,151,000 after buying an additional 230,653 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPA shares. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Cowen reaffirmed a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Copa currently has a consensus rating of "Buy" and a consensus price target of $153.00.

Copa Stock Down 2.8%

CPA traded down $3.17 on Friday, reaching $110.48. The company's stock had a trading volume of 342,059 shares, compared to its average volume of 319,631. The stock has a 50 day moving average of $105.61 and a two-hundred day moving average of $96.28. 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 company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 0.80 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 $115.00.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly 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 firm had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. Copa had a return on equity of 25.91% and a net margin of 17.66%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.19 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Friday, May 30th. Copa's payout ratio is currently 43.96%.

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.