Mirabella Financial Services LLP Invests $2.13 Million in Copa Holdings, S.A. (NYSE:CPA)

Mirabella Financial Services LLP purchased a new position in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,260 shares of the transportation company's stock, valued at approximately $2,132,000. Mirabella Financial Services LLP owned 0.06% of Copa at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPA. EverSource Wealth Advisors LLC increased its position in shares of 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 buying an additional 591 shares during the period. Envestnet Asset Management Inc. bought a new position in Copa in the 4th quarter worth about $225,000. Steward Partners Investment Advisory LLC raised its holdings 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 acquiring an additional 521 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in Copa during the third quarter valued at approximately $240,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Trading Down 0.2 %

Copa stock traded down $0.17 during trading hours on Friday, reaching $89.98. The company had a trading volume of 69,119 shares, compared to its average volume of 303,375. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 0.87 and a beta of 1.11. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The company has a 50-day moving average price of $91.69 and a 200 day moving average price of $92.88.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Equities analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.16%. Copa's dividend payout ratio is currently 44.23%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPA. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $153.29.

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.