Signet Financial Management LLC Buys 112 Shares of Copa Holdings, S.A. $CPA

Signet Financial Management LLC increased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,747 shares of the transportation company’s stock after purchasing an additional 112 shares during the quarter. Signet Financial Management LLC’s holdings in Copa were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Copa by 9.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock worth $109,501,000 after acquiring an additional 99,955 shares during the period. Carrhae Capital LLP boosted its holdings in shares of Copa by 10.8% in the 1st quarter. Carrhae Capital LLP now owns 777,929 shares of the transportation company’s stock valued at $71,927,000 after purchasing an additional 76,062 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Copa by 56.5% during the 1st quarter. Millennium Management LLC now owns 507,419 shares of the transportation company’s stock worth $46,916,000 after buying an additional 183,184 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Copa by 26.0% during the 1st quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company’s stock worth $43,786,000 after buying an additional 97,656 shares in the last quarter. Finally, Wishbone Management LP lifted its position in shares of Copa by 12.5% during the 1st quarter. Wishbone Management LP now owns 472,500 shares of the transportation company’s stock worth $43,687,000 after buying an additional 52,500 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Price Performance

CPA stock opened at $117.28 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. The company’s 50-day moving average is $115.24 and its 200-day moving average is $104.83. The stock has a market capitalization of $4.83 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.31. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $123.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.25 by $0.36. Copa had a net margin of 18.36% and a return on equity of 26.22%. The firm had revenue of $842.60 million for the quarter, compared to analyst estimates of $833.12 million. During the same period last year, the firm earned $2.88 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, August 29th. Copa’s dividend payout ratio (DPR) is currently 41.87%.

Analyst Ratings Changes

A number of brokerages have weighed in on CPA. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Morgan Stanley restated an “overweight” rating and set a $145.00 price objective (up previously from $125.00) on shares of Copa in a research report on Monday, August 11th. Cowen reiterated a “buy” rating on shares of Copa in a research report on Friday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of Copa in a report on Friday, August 8th. Finally, TD Cowen raised their price objective on shares of Copa from $144.00 to $147.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, Copa has a consensus rating of “Buy” and a consensus price target of $154.40.

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.