Ellevest Inc. Trims Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Ellevest Inc. trimmed its holdings in Copa Holdings, S.A. (NYSE:CPA) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,150 shares of the transportation company’s stock after selling 1,161 shares during the period. Ellevest Inc.’s holdings in Copa were worth $716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPA. JPMorgan Chase & Co. grew its holdings in shares of Copa by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock worth $231,002,000 after purchasing an additional 11,300 shares during the period. FMR LLC boosted its stake in Copa by 18.1% during the fourth quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock worth $132,151,000 after buying an additional 230,653 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Copa by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company’s stock valued at $95,290,000 after acquiring an additional 159,470 shares during the last quarter. Carrhae Capital LLP raised its stake in shares of Copa by 26.3% in the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock valued at $61,680,000 after acquiring an additional 145,967 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in shares of Copa by 8.6% in the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock worth $49,380,000 after acquiring an additional 44,298 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analysts Set New Price Targets

CPA has been the topic of a number of research analyst reports. Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Down 2.3 %

Shares of NYSE CPA opened at $98.41 on Friday. The stock has a market cap of $4.14 billion, a P/E ratio of 6.76, a PEG ratio of 0.87 and a beta of 1.26. The business’s fifty day simple moving average is $91.69 and its 200-day simple moving average is $92.61. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The business had revenue of $899.18 million during the quarter, compared to analysts’ expectations of $888.82 million. During the same quarter last year, the business posted $4.19 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, May 30th. Copa’s dividend payout ratio is presently 43.96%.

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.