Sei Investments Co. Raises Position in Copa Holdings, S.A. (NYSE:CPA)

Sei Investments Co. raised its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 465,210 shares of the transportation company’s stock after acquiring an additional 57,405 shares during the quarter. Sei Investments Co. owned approximately 1.11% of Copa worth $40,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc boosted its position 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 valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Copa during the third quarter valued at $82,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Copa by 147.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after buying an additional 591 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of 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 buying an additional 521 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

CPA stock opened at $95.40 on Tuesday. The stock’s 50 day simple moving average is $93.34 and its 200 day simple moving average is $93.30. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market capitalization of $4.01 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced 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, research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Friday, February 28th. Copa’s payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

CPA has been the topic of several research reports. Cowen reissued a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group raised their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.