SPC Financial Inc. Has $1.23 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

SPC Financial Inc. grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,845 shares of the transportation company’s stock after purchasing an additional 130 shares during the quarter. SPC Financial Inc.’s holdings in Copa were worth $1,234,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Hexagon Capital Partners LLC increased its position in shares of Copa by 15.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock worth $81,000 after purchasing an additional 102 shares during the last quarter. Coronation Fund Managers Ltd. increased its position in shares of Copa by 11.3% during the 1st quarter. Coronation Fund Managers Ltd. now owns 2,763 shares of the transportation company’s stock worth $288,000 after purchasing an additional 280 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Copa by 34,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock worth $37,000 after purchasing an additional 343 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Copa during the 4th quarter worth approximately $47,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after acquiring an additional 584 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

CPA has been the topic of a number of recent analyst reports. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. TD Cowen decreased their target price on Copa from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, June 18th. Morgan Stanley initiated coverage on Copa in a report on Friday, May 24th. They set an “overweight” rating and a $140.00 target price on the stock. Evercore ISI boosted their target price on Copa from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Raymond James boosted their price target on Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Copa currently has an average rating of “Buy” and a consensus target price of $157.60.

Copa Stock Performance

CPA traded up $2.55 during trading on Thursday, hitting $96.89. The stock had a trading volume of 489,178 shares, compared to its average volume of 276,169. The company has a 50 day moving average price of $98.50 and a 200-day moving average price of $99.50. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 6.75, a P/E/G ratio of 0.21 and a beta of 1.47. Copa Holdings, S.A. has a one year low of $78.12 and a one year high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.99 and a quick ratio of 0.90.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.92. The business had revenue of $893.47 million during the quarter, compared to the consensus estimate of $866.73 million. Copa had a return on equity of 36.59% and a net margin of 16.42%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. As a group, research analysts predict that Copa Holdings, S.A. will post 16.51 EPS for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.65%. Copa’s payout ratio is 46.33%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.