CWA Asset Management Group LLC Acquires 1,605 Shares of Copa Holdings, S.A. (NYSE:CPA)

CWA Asset Management Group LLC lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,116 shares of the transportation company’s stock after purchasing an additional 1,605 shares during the period. CWA Asset Management Group LLC’s holdings in Copa were worth $713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sprucegrove Investment Management Ltd. raised its position in Copa by 8.3% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock worth $293,743,000 after acquiring an additional 236,850 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Copa by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock worth $82,990,000 after purchasing an additional 16,100 shares during the period. Dimensional Fund Advisors LP lifted its stake in Copa by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock valued at $78,950,000 after purchasing an additional 65,525 shares during the last quarter. Carrhae Capital LLP bought a new position in Copa during the third quarter valued at $52,166,000. Finally, Marathon Asset Management Ltd increased its position in Copa by 1.7% in the third quarter. Marathon Asset Management Ltd now owns 514,679 shares of the transportation company’s stock worth $48,297,000 after buying an additional 8,524 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on CPA. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group upped their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $153.29.

Copa Trading Up 2.0 %

Shares of CPA opened at $90.28 on Wednesday. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The stock has a market cap of $3.56 billion, a PE ratio of 5.97, a P/E/G ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $92.79 and its 200-day moving average price is $92.48.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.39 EPS. On average, equities analysts forecast that Copa Holdings, S.A. will post 14.48 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 7.13%. The ex-dividend date was Monday, December 2nd. Copa’s payout ratio is 42.59%.

Copa Company 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.