Kestra Investment Management LLC Acquires 10,100 Shares of Copa Holdings, S.A. (NYSE:CPA)

Kestra Investment Management LLC raised its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 119.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,568 shares of the transportation company’s stock after purchasing an additional 10,100 shares during the period. Kestra Investment Management LLC’s holdings in Copa were worth $1,632,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its holdings in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 143 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the 3rd quarter worth approximately $82,000. SG Americas Securities LLC boosted its stake 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 valued at $239,000 after purchasing an additional 1,288 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of Copa during the third quarter worth $240,000. Finally, Hyperion Capital Advisors LP bought a new position in Copa during the third quarter worth $282,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Price Performance

Shares of NYSE CPA opened at $97.71 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $90.26 and its 200-day moving average price is $92.28. The firm has a market capitalization of $4.11 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.68 and a beta of 1.44. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 28.46% and a net margin of 18.20%. Equities research analysts anticipate that Copa Holdings, S.A. will post 14.41 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, February 28th. Copa’s payout ratio is currently 42.59%.

Analyst Ratings Changes

A number of brokerages have commented on CPA. UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $153.29.

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.