Retirement Planning Co of New England Inc. Acquires New Position in Copa Holdings, S.A. (NYSE:CPA)

Retirement Planning Co of New England Inc. acquired a new stake in Copa Holdings, S.A. (NYSE:CPA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,744 shares of the transportation company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPA. Brandes Investment Partners LP raised its position in Copa by 8.6% during the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock worth $49,380,000 after acquiring an additional 44,298 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Copa during the fourth quarter worth about $46,433,000. Marathon Asset Management Ltd raised its position in Copa by 1.3% during the fourth quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company’s stock worth $45,821,000 after acquiring an additional 6,723 shares during the last quarter. Wishbone Management LP raised its position in Copa by 20.0% during the third quarter. Wishbone Management LP now owns 420,000 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 70,000 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda raised 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 worth $34,158,000 after acquiring an additional 3,657 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group lifted their target price 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. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Cowen reiterated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. One equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Stock Performance

Shares of NYSE CPA opened at $93.54 on Wednesday. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a 50-day simple moving average of $92.85 and a 200-day simple moving average of $93.14. The company has a market cap of $3.93 billion, a PE ratio of 6.42, a price-to-earnings-growth 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 released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.88%. 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.