Copa Holdings, S.A. (NYSE:CPA) Shares Bought by CM Management LLC

CM Management LLC lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 71.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the transportation company’s stock after buying an additional 12,500 shares during the quarter. Copa makes up approximately 2.3% of CM Management LLC’s investment portfolio, making the stock its 15th largest position. CM Management LLC owned approximately 0.07% of Copa worth $2,636,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CPA. Raymond James Financial Inc. purchased a new stake in shares of Copa during the fourth quarter worth $46,433,000. Cape Ann Asset Management Ltd acquired a new position in Copa in the 4th quarter valued at about $20,195,000. Point72 Asset Management L.P. purchased a new stake in shares of Copa in the 3rd quarter valued at approximately $14,094,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Copa during the 3rd quarter worth approximately $9,764,000. Finally, Two Sigma Advisers LP lifted its holdings in Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after acquiring an additional 91,805 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA opened at $93.89 on Friday. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The stock has a 50-day simple moving average of $92.07 and a 200-day simple moving average of $93.00. The stock has a market capitalization of $3.95 billion, a PE ratio of 6.45, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping 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, analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share 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 issued a $1.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.86%. Copa’s payout ratio is 44.23%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPA shares. Cowen reaffirmed a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. UBS Group lifted their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.