Cape Ann Asset Management Ltd Buys Shares of 229,800 Copa Holdings, S.A. (NYSE:CPA)

Cape Ann Asset Management Ltd bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 229,800 shares of the transportation company’s stock, valued at approximately $20,195,000. Copa accounts for about 12.7% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 5th biggest holding. Cape Ann Asset Management Ltd owned approximately 0.55% of Copa at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc grew its position in shares of Copa by 29.6% during the 3rd 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 period. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the 3rd quarter worth approximately $82,000. Optimist Retirement Group LLC acquired a new stake in shares of Copa during the 3rd quarter worth approximately $240,000. Steward Partners Investment Advisory LLC grew its position in shares of Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after buying an additional 521 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Cowen reiterated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $153.29.

Copa Price Performance

Shares of NYSE:CPA opened at $91.50 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $91.55 and its two-hundred day simple moving average is $92.88. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The stock has a market cap of $3.85 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date is Friday, February 28th. Copa’s payout ratio is 44.23%.

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.