SG Americas Securities LLC Raises Position in Copa Holdings, S.A. (NYSE:CPA)

SG Americas Securities LLC grew its stake in Copa Holdings, S.A. (NYSE:CPA) by 90.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,719 shares of the transportation company’s stock after purchasing an additional 1,288 shares during the period. SG Americas Securities LLC’s holdings in Copa were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc lifted its position in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Copa in the third quarter valued at $82,000. Optimist Retirement Group LLC purchased a new stake in shares of Copa in the third quarter valued at $240,000. Hyperion Capital Advisors LP bought a new stake in shares of Copa in the 3rd quarter worth about $282,000. Finally, nVerses Capital LLC purchased a new position in shares of Copa during the 3rd quarter worth about $291,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Copa presently has an average rating of “Buy” and a consensus target price of $153.29.

Copa Price Performance

Shares of CPA stock opened at $91.04 on Friday. The company’s 50-day simple moving average is $89.80 and its two-hundred day simple moving average is $92.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a market capitalization of $3.83 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.69 and a beta of 1.44.

Copa (NYSE:CPA) last announced its quarterly earnings data 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 company had revenue of $854.71 million for the quarter, compared to analysts’ expectations of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. Copa’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.39 earnings per share. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 14.44 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $1.61 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.07%. Copa’s payout ratio is currently 42.59%.

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.