Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc decreased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,075 shares of the transportation company’s stock after selling 1,202 shares during the period. Richard P Slaughter Associates Inc’s holdings in Copa were worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc grew its position in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after purchasing an additional 143 shares during the period. Point72 Hong Kong Ltd purchased a new position in Copa during the third quarter valued at $82,000. Rhumbline Advisers boosted its holdings in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after buying an additional 1,380 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of Copa in the third quarter worth approximately $240,000. Finally, Mackenzie Financial Corp lifted its holdings in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPA shares. UBS Group raised their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Stock Performance

Shares of CPA opened at $91.86 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $92.08 and a 200-day simple moving average of $92.33. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a market capitalization of $3.62 billion, a PE ratio of 6.08, a P/E/G ratio of 0.72 and a beta of 1.44.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The firm had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. During the same period in the previous year, the firm posted $4.39 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts predict that Copa Holdings, S.A. will post 14.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s dividend payout ratio is currently 42.59%.

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.