EverSource Wealth Advisors LLC Boosts Position in Copa Holdings, S.A. (NYSE:CPA)

EverSource Wealth Advisors LLC raised its stake in Copa Holdings, S.A. (NYSE:CPA) by 147.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 991 shares of the transportation company’s stock after purchasing an additional 591 shares during the period. EverSource Wealth Advisors LLC’s holdings in Copa were worth $87,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CPA. Raymond James Financial Inc. purchased a new position in shares of Copa during the fourth quarter worth about $46,433,000. Cape Ann Asset Management Ltd acquired a new stake in Copa during the 4th quarter worth $20,195,000. Point72 Asset Management L.P. purchased a new position in Copa during the 3rd quarter worth $14,094,000. Public Employees Retirement System of Ohio acquired a new position in Copa in the third quarter valued at $9,764,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after buying an additional 91,805 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Trading Down 0.9 %

Shares of CPA stock opened at $93.54 on Wednesday. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year 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 business’s fifty day moving average price is $92.85 and its 200 day moving average price is $93.14. The firm has a market capitalization of $3.93 billion, a PE ratio of 6.42, a P/E/G ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced its quarterly earnings results 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%. As a group, sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CPA shares. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Cowen reissued a “buy” rating on shares of Copa in a report on Tuesday, February 18th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One research 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. According to data from MarketBeat.com, the company 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.