Copa Holdings, S.A. $CPA Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in Copa Holdings, S.A. (NYSE:CPA) by 16.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,132 shares of the transportation company’s stock after purchasing an additional 581 shares during the quarter. MGO One Seven LLC’s holdings in Copa were worth $454,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CPA. Total Wealth Planning & Management Inc. raised its stake in Copa by 52.4% in the first quarter. Total Wealth Planning & Management Inc. now owns 4,233 shares of the transportation company’s stock valued at $391,000 after buying an additional 1,456 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Copa by 26.0% in the 1st quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company’s stock valued at $43,786,000 after purchasing an additional 97,656 shares during the last quarter. Trek Financial LLC acquired a new stake in Copa in the 1st quarter worth approximately $5,216,000. SBI Securities Co. Ltd. grew its position in Copa by 2,813.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company’s stock worth $97,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Copa by 32.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,647 shares of the transportation company’s stock valued at $1,817,000 after purchasing an additional 4,767 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPA. Citigroup reduced their target price on Copa from $159.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Wednesday, October 8th. TD Cowen upped their target price on Copa from $144.00 to $147.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Raymond James Financial reissued a “strong-buy” rating on shares of Copa in a research report on Friday, August 8th. Finally, Evercore ISI lifted their price objective on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Copa presently has an average rating of “Buy” and an average price target of $155.33.

Copa Trading Down 0.3%

Shares of Copa stock opened at $124.73 on Friday. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week high of $130.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $5.13 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The firm has a 50-day simple moving average of $118.89 and a two-hundred day simple moving average of $108.05.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to analyst estimates of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.Copa’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.88 EPS. As a group, equities 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 was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.61 per share. The ex-dividend date was Friday, August 29th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.2%. Copa’s dividend payout ratio (DPR) is 41.87%.

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.