Richard P Slaughter Associates Inc Reduces Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Richard P Slaughter Associates Inc lowered its stake in Copa Holdings, S.A. (NYSE:CPA) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,075 shares of the transportation company’s stock after selling 1,202 shares during the period. Richard P Slaughter Associates Inc’s holdings in Copa were worth $1,501,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Copa in the fourth quarter valued at approximately $1,438,000. Harbor Capital Advisors Inc. grew its stake in Copa by 14.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 14,850 shares of the transportation company’s stock worth $1,305,000 after buying an additional 1,850 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in Copa by 5.6% in the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after buying an additional 406 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Copa during the fourth quarter worth about $1,086,000. Finally, CWA Asset Management Group LLC boosted its stake in Copa by 24.7% during the 4th quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company’s stock valued at $713,000 after purchasing an additional 1,605 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Trading Up 4.1 %

Shares of CPA stock opened at $91.86 on Wednesday. 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 stock has a 50-day simple moving average of $92.08 and a 200 day simple moving average of $92.33. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The stock has a market capitalization of $3.62 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.72 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 net margin of 18.20% and a return on equity of 28.46%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.39 EPS. On average, sell-side analysts expect that Copa Holdings, S.A. will post 14.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CPA shares. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $153.29.

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.