Legend Financial Advisors Inc. Acquires 406 Shares of Copa Holdings, S.A. (NYSE:CPA)

Legend Financial Advisors Inc. lifted its position in Copa Holdings, S.A. (NYSE:CPA) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,692 shares of the transportation company’s stock after purchasing an additional 406 shares during the period. Copa comprises approximately 0.5% of Legend Financial Advisors Inc.’s portfolio, making the stock its 26th biggest holding. Legend Financial Advisors Inc.’s holdings in Copa were worth $676,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPA. Range Financial Group LLC bought a new position in Copa in the 4th quarter worth about $1,086,000. CWA Asset Management Group LLC boosted its stake in shares of Copa by 24.7% in the 4th quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company’s stock worth $713,000 after buying an additional 1,605 shares during the last quarter. Optimist Retirement Group LLC bought a new stake in shares of Copa during the 3rd quarter valued at about $240,000. TT International Asset Management LTD purchased a new stake in Copa during the third quarter valued at approximately $4,723,000. Finally, Barclays PLC raised its holdings in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock worth $2,319,000 after purchasing an additional 7,576 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of CPA stock traded up $1.80 on Tuesday, reaching $90.28. The company’s stock had a trading volume of 169,508 shares, compared to its average volume of 218,402. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The stock’s fifty day simple moving average is $92.93 and its 200-day simple moving average is $92.51. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.39 EPS. 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 paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend was Monday, December 2nd. Copa’s payout ratio is 42.59%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average 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.