SG Americas Securities LLC Acquires 1,288 Shares of Copa Holdings, S.A. (NYSE:CPA)

SG Americas Securities LLC boosted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 90.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,719 shares of the transportation company’s stock after buying an additional 1,288 shares during the quarter. SG Americas Securities LLC’s holdings in Copa were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its position in shares of Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after acquiring 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. Optimist Retirement Group LLC bought a new stake in Copa during the third quarter valued at about $240,000. Hyperion Capital Advisors LP purchased a new stake in Copa in the third quarter worth about $282,000. Finally, nVerses Capital LLC bought a new position in shares of Copa in the third quarter worth about $291,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Down 1.0 %

CPA stock opened at $91.04 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The business has a 50 day simple moving average of $89.80 and a two-hundred day simple moving average of $92.15. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.69 and a beta of 1.44.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.02. The firm had revenue of $854.71 million during the quarter, compared to analyst estimates of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.39 earnings per share. Research analysts anticipate that Copa Holdings, S.A. will post 14.44 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.07%. Copa’s payout ratio is 42.59%.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of recent research reports. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa 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.