Deltec Asset Management LLC Sells 23,252 Shares of Copa Holdings, S.A. (NYSE:CPA)

Deltec Asset Management LLC lowered its holdings in Copa Holdings, S.A. (NYSE:CPA) by 21.4% in the 4th quarter, HoldingsChannel reports. The firm owned 85,335 shares of the transportation company’s stock after selling 23,252 shares during the quarter. Copa comprises approximately 1.5% of Deltec Asset Management LLC’s holdings, making the stock its 15th largest holding. Deltec Asset Management LLC’s holdings in Copa were worth $7,499,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after acquiring an additional 143 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Copa by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 166 shares in the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of Copa by 5.6% during the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after acquiring an additional 406 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Copa by 10.3% during the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after purchasing an additional 488 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Copa during the 3rd quarter valued at about $82,000. Institutional investors own 70.09% of the company’s stock.

Copa Stock Up 0.7 %

Shares of NYSE CPA opened at $90.82 on Wednesday. The firm’s 50 day moving average price is $89.88 and its 200 day moving average price is $92.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The firm has a market cap of $3.82 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.44.

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

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.09%. Copa’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CPA shares. UBS Group boosted their target price on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Copa currently has an average rating of “Buy” and a consensus price target of $153.29.

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.