EverSource Wealth Advisors LLC Boosts Holdings in Copa Holdings, S.A. (NYSE:CPA)

EverSource Wealth Advisors LLC raised its holdings in Copa Holdings, S.A. (NYSE:CPA) by 147.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 991 shares of the transportation company’s stock after purchasing an additional 591 shares during the period. EverSource Wealth Advisors LLC’s holdings in Copa were worth $87,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bell Investment Advisors Inc lifted its stake in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa in the third quarter worth $82,000. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 521 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in Copa during the 3rd quarter worth about $240,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPA. UBS Group raised their price target 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 downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cowen reaffirmed a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. One 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’s stock. Based on data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average price target of $153.29.

Copa Stock Performance

Shares of CPA stock opened at $93.54 on Wednesday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The company has a 50 day moving average price of $92.85 and a 200 day moving average price of $93.14. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. 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 issued its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share 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%. Sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.