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

Trek Financial LLC acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,414 shares of the transportation company's stock, valued at approximately $5,216,000. Trek Financial LLC owned approximately 0.13% of Copa as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after purchasing an additional 591 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Copa in the fourth quarter worth $225,000. Signet Financial Management LLC raised its stake in shares of Copa by 14.3% in 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. Steward Partners Investment Advisory LLC grew its stake in shares of Copa by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. bought a new position in shares of Copa in the fourth quarter worth about $241,000. 70.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPA. Wall Street Zen raised shares of 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $153.00.

Copa Price Performance

Shares of Copa stock traded up $0.41 during trading on Tuesday, hitting $111.66. The stock had a trading volume of 9,937 shares, compared to its average volume of 318,966. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market cap of $4.60 billion, a P/E ratio of 7.62, a PEG ratio of 0.79 and a beta of 1.31. The business has a fifty day moving average of $104.19 and a two-hundred day moving average of $95.77. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $112.70.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating 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 firm had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. During the same period in the previous year, the firm earned $4.19 earnings per share. Copa's quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 5.77%. Copa's dividend payout ratio (DPR) is presently 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.

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