SPX Gestao de Recursos Ltda Has $34.16 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

SPX Gestao de Recursos Ltda grew its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,686 shares of the transportation company’s stock after purchasing an additional 3,657 shares during the quarter. Copa comprises approximately 5.1% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 3rd biggest holding. SPX Gestao de Recursos Ltda owned 0.92% of Copa worth $34,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc lifted its holdings in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Copa in the third quarter worth about $82,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after buying an additional 521 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Copa by 90.0% in 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 in the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Copa in the third quarter worth about $240,000. Institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

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

Copa Trading Down 1.2 %

CPA stock opened at $92.75 on Tuesday. The company has a market capitalization of $3.90 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company’s 50 day moving average price is $92.18 and its two-hundred day moving average price is $93.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. As a group, analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 6.94%. The ex-dividend date of this dividend is Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.