Range Financial Group LLC Invests $1.09 Million in Copa Holdings, S.A. (NYSE:CPA)

Range Financial Group LLC bought a new position in Copa Holdings, S.A. (NYSE:CPA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,355 shares of the transportation company’s stock, valued at approximately $1,086,000.

A number of other hedge funds also recently bought and sold shares of the business. Coronation Fund Managers Ltd. raised its holdings in Copa by 60.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company’s stock worth $422,000 after purchasing an additional 1,667 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Copa by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock valued at $413,000 after acquiring an additional 569 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Copa by 69,000.0% during the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after acquiring an additional 1,380 shares during the period. Carson Advisory Inc. raised its position in shares of Copa by 9.1% in the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock worth $352,000 after acquiring an additional 308 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Copa in the 2nd quarter valued at approximately $268,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CPA shares. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group lifted their target price on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $153.29.

Copa Price Performance

Shares of CPA traded up $1.80 during trading hours on Tuesday, reaching $90.28. 169,508 shares of the stock traded hands, compared to its average volume of 218,402. The company has a market cap of $3.56 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $92.93 and its two-hundred day moving average price is $92.51. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.39 earnings per share. On average, analysts anticipate that Copa Holdings, S.A. will post 14.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 7.13%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

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.