CWA Asset Management Group LLC Has $713,000 Position in Copa Holdings, S.A. (NYSE:CPA)

CWA Asset Management Group LLC grew its holdings in Copa Holdings, S.A. (NYSE:CPA) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,116 shares of the transportation company’s stock after purchasing an additional 1,605 shares during the quarter. CWA Asset Management Group LLC’s holdings in Copa were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc boosted its holdings 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 worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Copa during the 3rd quarter valued at $82,000. Rhumbline Advisers boosted its stake in Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after acquiring an additional 1,380 shares in the last quarter. Optimist Retirement Group LLC bought a new stake in Copa in the third quarter valued at $240,000. Finally, Mackenzie Financial Corp increased its stake in Copa by 29.3% in the second 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 own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPA. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday. One 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Stock Up 2.0 %

Shares of NYSE:CPA opened at $90.28 on Wednesday. The business’s 50 day moving average is $92.79 and its 200 day moving average is $92.48. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.72 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

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

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date was Monday, December 2nd. Copa’s payout ratio is 42.59%.

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.