VELA Investment Management LLC Boosts Holdings in Copa Holdings, S.A. (NYSE:CPA)

VELA Investment Management LLC increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,042 shares of the transportation company’s stock after acquiring an additional 2,671 shares during the quarter. Copa comprises approximately 0.9% of VELA Investment Management LLC’s portfolio, making the stock its 24th largest holding. VELA Investment Management LLC owned about 0.08% of Copa worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPA. Bell Investment Advisors Inc increased its position in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Copa during the 3rd quarter worth approximately $82,000. SG Americas Securities LLC increased its position in 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 buying an additional 1,288 shares during the period. Optimist Retirement Group LLC purchased a new stake in Copa in the third quarter valued at approximately $240,000. Finally, Hyperion Capital Advisors LP purchased a new stake in Copa in the third quarter valued at approximately $282,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Cowen reaffirmed a “buy” rating on shares of Copa in a report on Tuesday, February 18th. Finally, UBS Group boosted their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Down 1.2 %

Shares of NYSE CPA opened at $92.50 on Friday. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The firm has a 50-day moving average price of $91.41 and a 200 day moving average price of $92.77. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping 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 research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.