Advent Capital Management DE Makes New $2.20 Million Investment in Copa Holdings, S.A. (NYSE:CPA)

Advent Capital Management DE purchased a new stake in Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 25,000 shares of the transportation company’s stock, valued at approximately $2,197,000. Advent Capital Management DE owned 0.06% of Copa at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CPA. LPL Financial LLC increased its position in Copa by 4.3% during the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock valued at $282,000 after buying an additional 132 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Copa by 2.7% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 166 shares during the last quarter. Privium Fund Management UK Ltd boosted its stake in Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after purchasing an additional 178 shares in the last quarter. Everstar Asset Management LLC increased its stake in Copa by 5.3% during the 4th quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 282 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Copa by 3.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company’s stock worth $1,103,000 after buying an additional 393 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cowen reiterated 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $153.29.

Copa Stock Performance

Shares of CPA stock opened at $89.44 on Wednesday. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. 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 $3.76 billion, a P/E ratio of 6.14, a PEG ratio of 0.87 and a beta of 1.11. The firm has a fifty day moving average price of $92.43 and a 200 day moving average price of $93.18.

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 predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 7.20%. 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.