U S Global Investors Inc. Buys 3,912 Shares of Copa Holdings, S.A. (NYSE:CPA)

U S Global Investors Inc. increased its stake in Copa Holdings, S.A. (NYSE:CPA) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,880 shares of the transportation company’s stock after acquiring an additional 3,912 shares during the period. Copa comprises about 0.5% of U S Global Investors Inc.’s holdings, making the stock its 28th largest holding. U S Global Investors Inc. owned approximately 0.14% of Copa worth $5,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Bell Investment Advisors Inc increased its position in shares of 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 period. Point72 Hong Kong Ltd bought a new position in Copa in the 3rd quarter worth $82,000. Optimist Retirement Group LLC bought a new stake in shares of Copa during the 3rd quarter valued at about $240,000. SG Americas Securities LLC raised its stake in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after buying an additional 1,288 shares in the last quarter. Finally, Hyperion Capital Advisors LP purchased a new stake in Copa in the third quarter worth about $282,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Copa has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Performance

Shares of CPA opened at $92.50 on Friday. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The business’s fifty day simple moving average is $91.41 and its two-hundred day simple moving average is $92.77. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Research analysts anticipate 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 6.96%. The ex-dividend date is Friday, February 28th. Copa’s dividend payout ratio is currently 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.