Copa Holdings, S.A. (NYSE:CPA) Position Increased by Sei Investments Co.

Sei Investments Co. lifted its holdings in Copa Holdings, S.A. (NYSE:CPA) by 11.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 386,774 shares of the transportation company’s stock after buying an additional 40,696 shares during the quarter. Sei Investments Co. owned approximately 0.98% of Copa worth $36,813,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFO Wealth Partners LLC boosted its stake in Copa by 34,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 343 shares during the period. Scarborough Advisors LLC bought a new position in Copa during the 4th quarter worth $47,000. Hexagon Capital Partners LLC increased its position in Copa by 15.1% in the first quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after buying an additional 102 shares during the period. Rhumbline Advisers lifted its stake in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Copa by 45.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 584 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CPA shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. TD Cowen decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut their target price on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Finally, Evercore ISI cut their price objective on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Copa presently has an average rating of “Buy” and an average price target of $148.83.

Copa Trading Down 0.4 %

Shares of Copa stock opened at $91.19 on Tuesday. The business has a fifty day simple moving average of $89.41 and a 200-day simple moving average of $96.04. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48. Copa Holdings, S.A. has a fifty-two week low of $78.12 and a fifty-two week high of $114.00. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.11. Copa had a net margin of 19.31% and a return on equity of 30.81%. The company had revenue of $819.40 million for the quarter, compared to analysts’ expectations of $838.13 million. During the same quarter in the previous year, the company posted $3.92 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Copa Holdings, S.A. will post 14.53 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Friday, August 30th. Copa’s dividend payout ratio is presently 46.33%.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.