Acadian Asset Management LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,062 shares of the transportation company’s stock, valued at approximately $1,851,000. Acadian Asset Management LLC owned approximately 0.05% of Copa at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Copa during the first quarter valued at about $29,000. State of Wyoming acquired a new stake in shares of Copa during the fourth quarter valued at about $32,000. Captrust Financial Advisors grew its stake in shares of Copa by 136.8% during the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 398 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Copa by 16.2% during the first quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Copa by 292.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,292 shares of the transportation company’s stock worth $107,000 after purchasing an additional 963 shares in the last quarter. 81.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms recently commented on CPA. Barclays lifted their price target on Copa from $120.00 to $150.00 in a research note on Friday, May 12th. The Goldman Sachs Group lifted their price target on Copa from $137.00 to $140.00 in a research note on Monday, July 10th. Raymond James lifted their price target on Copa from $138.00 to $155.00 in a research note on Monday, July 3rd. TD Cowen decreased their price target on Copa from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Friday. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $130.50.
Copa Stock Performance
Shares of CPA stock opened at $102.02 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $108.19 and a two-hundred day moving average of $100.67. Copa Holdings, S.A. has a 52 week low of $65.01 and a 52 week high of $121.20. The company has a market cap of $4.02 billion, a P/E ratio of 11.77, a PEG ratio of 0.32 and a beta of 1.30.
Copa (NYSE:CPA – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The transportation company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.25 by $0.67. The company had revenue of $809.19 million for the quarter, compared to analysts’ expectations of $798.96 million. Copa had a return on equity of 40.02% and a net margin of 10.17%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. As a group, analysts anticipate that Copa Holdings, S.A. will post 14.52 EPS for the current year.
Copa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.22%. Copa’s dividend payout ratio (DPR) is presently 37.83%.
Copa Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.
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