Carolina Wealth Advisors LLC Has $586,000 Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Carolina Wealth Advisors LLC cut its position in Copa Holdings, S.A. (NYSE:CPA) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,242 shares of the transportation company’s stock after selling 579 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Copa were worth $586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Sciencast Management LP grew its stake in Copa by 4.0% in the first quarter. Sciencast Management LP now owns 2,627 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 100 shares during the period. Hexagon Capital Partners LLC increased its position in shares of Copa by 15.1% during the first quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after acquiring an additional 102 shares in the last quarter. SPC Financial Inc. increased its holdings in Copa by 1.1% during the 1st quarter. SPC Financial Inc. now owns 11,845 shares of the transportation company’s stock worth $1,234,000 after purchasing an additional 130 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in Copa by 11.3% during the 1st quarter. Coronation Fund Managers Ltd. now owns 2,763 shares of the transportation company’s stock valued at $288,000 after acquiring an additional 280 shares in the last quarter. Finally, Carson Advisory Inc. boosted its holdings in Copa by 9.1% during the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock worth $352,000 after acquiring an additional 308 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPA has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. cut their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen reduced their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $148.83.

Copa Stock Performance

Copa stock traded down $1.39 during midday trading on Monday, reaching $100.65. The stock had a trading volume of 165,094 shares, compared to its average volume of 278,265. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.97 billion, a PE ratio of 7.34, a P/E/G ratio of 0.59 and a beta of 1.49. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $114.00. The firm’s 50-day moving average price is $91.86 and its 200 day moving average price is $95.10.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $3.92 EPS. Copa’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Copa Holdings, S.A. will post 14.56 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.61 dividend. The ex-dividend date was Friday, August 30th. This represents a $6.44 annualized dividend and a yield of 6.40%. Copa’s dividend payout ratio is currently 46.33%.

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.