MGO One Seven LLC Purchases 581 Shares of Copa Holdings, S.A. $CPA

MGO One Seven LLC boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,132 shares of the transportation company’s stock after purchasing an additional 581 shares during the period. MGO One Seven LLC’s holdings in Copa were worth $454,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Copa by 56.5% during the first quarter. Millennium Management LLC now owns 507,419 shares of the transportation company’s stock valued at $46,916,000 after buying an additional 183,184 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Copa by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock valued at $31,488,000 after acquiring an additional 122,413 shares during the period. Dimensional Fund Advisors LP grew its position in Copa by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock valued at $109,501,000 after acquiring an additional 99,955 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Copa by 26.0% in the first quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company’s stock worth $43,786,000 after purchasing an additional 97,656 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Copa during the second quarter worth $9,392,000. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

NYSE CPA opened at $124.73 on Friday. The company has a market cap of $5.13 billion, a PE ratio of 8.11, a P/E/G ratio of 1.09 and a beta of 1.30. The firm’s 50 day moving average price is $118.89 and its 200-day moving average price is $108.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $130.00.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.36. The business had revenue of $842.60 million for the quarter, compared to analysts’ expectations of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 EPS. Sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 29th. Copa’s dividend payout ratio is presently 41.87%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CPA shares. Evercore ISI upped their price target on shares of Copa from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. TD Cowen raised their target price on shares of Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. Raymond James Financial reissued a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th. Finally, Cowen restated a “buy” rating on shares of Copa in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $155.33.

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.