Privium Fund Management UK Ltd Grows Stake in Copa Holdings, S.A. (NYSE:CPA)

Privium Fund Management UK Ltd increased its position in Copa Holdings, S.A. (NYSE:CPA) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,114 shares of the transportation company’s stock after acquiring an additional 178 shares during the period. Copa comprises about 0.5% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 11th biggest holding. Privium Fund Management UK Ltd’s holdings in Copa were worth $624,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Retirement Planning Co of New England Inc. purchased a new stake in Copa during the fourth quarter valued at approximately $241,000. Brandes Investment Partners LP increased its stake in shares of Copa by 8.6% in the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock worth $49,380,000 after purchasing an additional 44,298 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after purchasing an additional 591 shares during the period. SPX Gestao de Recursos Ltda lifted its position in Copa by 0.9% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 388,686 shares of the transportation company’s stock valued at $34,158,000 after purchasing an additional 3,657 shares in the last quarter. Finally, Ruffer LLP bought a new stake in Copa during the fourth quarter valued at about $6,737,000. Institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPA. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Cowen restated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. Finally, UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $153.29.

Copa Trading Down 0.9 %

Copa stock opened at $93.54 on Wednesday. The firm’s 50 day moving average price is $92.85 and its 200-day moving average price is $93.14. 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 $3.93 billion, a P/E ratio of 6.42, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating 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%. On average, equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio (DPR) is 44.23%.

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.