Copa Holdings, S.A. $CPA Shares Purchased by Trek Financial LLC

Trek Financial LLC boosted its position in Copa Holdings, S.A. (NYSE:CPA) by 27.4% in the 2nd quarter, Holdings Channel reports. The firm owned 71,885 shares of the transportation company’s stock after acquiring an additional 15,471 shares during the quarter. Trek Financial LLC’s holdings in Copa were worth $7,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in Copa during the 2nd quarter worth $25,000. Bayforest Capital Ltd purchased a new position in shares of Copa in the first quarter worth about $36,000. US Bancorp DE boosted its position in Copa by 378.1% during the first quarter. US Bancorp DE now owns 502 shares of the transportation company’s stock worth $46,000 after acquiring an additional 397 shares during the last quarter. Quarry LP purchased a new stake in Copa during the 1st quarter valued at about $50,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Copa by 8,175.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 654 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Price Performance

CPA stock opened at $120.99 on Wednesday. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $130.00. The company has a quick ratio of 0.95, a current ratio of 1.06 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The business has a fifty day moving average of $122.91 and a two-hundred day moving average of $115.46.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, November 19th. The transportation company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.03 by $0.17. The business had revenue of $913.15 million for the quarter, compared to analyst estimates of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. As a group, research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Monday, December 1st. Copa’s dividend payout ratio (DPR) is 40.05%.

Wall Street Analyst Weigh In

CPA has been the topic of several recent research reports. TD Cowen boosted their target price on Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Cowen reissued a “buy” rating on shares of Copa in a research note on Friday, August 8th. Citigroup cut their target price on Copa from $159.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $157.67.

About Copa

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.