Everstar Asset Management LLC Buys 282 Shares of Copa Holdings, S.A. (NYSE:CPA)

Everstar Asset Management LLC boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,653 shares of the transportation company’s stock after acquiring an additional 282 shares during the quarter. Everstar Asset Management LLC’s holdings in Copa were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Copa by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company’s stock worth $231,002,000 after purchasing an additional 11,300 shares in the last quarter. Carrhae Capital LLP increased its holdings in shares of Copa by 26.3% during the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock worth $61,680,000 after buying an additional 145,967 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock valued at $49,380,000 after acquiring an additional 44,298 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Copa in the 4th quarter worth approximately $46,433,000. Finally, Marathon Asset Management Ltd grew its position in Copa by 1.3% during the 4th quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company’s stock worth $45,821,000 after acquiring an additional 6,723 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Stock Down 1.3 %

Shares of NYSE CPA opened at $94.25 on Monday. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The firm’s 50-day moving average is $93.70 and its 200-day moving average is $93.55. 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 firm has a market capitalization of $3.96 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Equities analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. Copa’s dividend payout ratio is presently 44.23%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CPA. Cowen reiterated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $153.29.

Copa Company 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.