Cape Ann Asset Management Ltd Invests $20.20 Million in Copa Holdings, S.A. (NYSE:CPA)

Cape Ann Asset Management Ltd bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 229,800 shares of the transportation company’s stock, valued at approximately $20,195,000. Copa accounts for 12.7% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 5th largest holding.

Several other large investors also recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc increased its holdings in Copa by 29.6% in the 3rd 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. Point72 Hong Kong Ltd purchased a new stake in Copa in the 3rd quarter worth about $82,000. Steward Partners Investment Advisory LLC increased its holdings in Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after acquiring an additional 521 shares during the last quarter. SG Americas Securities LLC increased its holdings in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Optimist Retirement Group LLC purchased a new stake in Copa in the 3rd quarter worth about $240,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPA shares. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Cowen reaffirmed a “buy” rating on shares of Copa in a report on Tuesday, February 18th. Finally, UBS Group lifted their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $153.29.

Copa Stock Performance

Shares of CPA opened at $91.50 on Tuesday. The company has a market cap of $3.85 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. 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 stock has a 50-day moving average price of $91.55 and a 200-day moving average price of $92.88. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last issued its quarterly earnings results 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 return on equity of 26.70% and a net margin of 17.67%. As a group, equities analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.04%. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.