Catalyst Capital Advisors LLC Makes New Investment in Copa Holdings, S.A. $CPA

Catalyst Capital Advisors LLC acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 700 shares of the transportation company’s stock, valued at approximately $77,000.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in Copa during the first quarter worth about $423,000. Aptus Capital Advisors LLC grew its stake in Copa by 12.5% during the first quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company’s stock worth $4,830,000 after buying an additional 5,808 shares in the last quarter. Hsbc Holdings PLC grew its stake in Copa by 16.7% during the first quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock worth $4,841,000 after buying an additional 7,520 shares in the last quarter. Seven Mile Advisory acquired a new stake in Copa during the first quarter worth about $223,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Copa by 32.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,647 shares of the transportation company’s stock valued at $1,817,000 after purchasing an additional 4,767 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Up 0.9%

Shares of NYSE CPA opened at $126.41 on Friday. The company has a 50 day simple moving average of $119.70 and a 200 day simple moving average of $109.47. The firm has a market cap of $5.20 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $130.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.36. The business had revenue of $842.60 million during the quarter, compared to analyst estimates of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.88 EPS. On average, research analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, August 29th. This represents a $6.44 annualized dividend and a yield of 5.1%. Copa’s dividend payout ratio (DPR) is presently 41.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPA. Raymond James Financial restated a “strong-buy” rating on shares of Copa in a research note on Friday, August 8th. Evercore ISI raised their price target on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research note on Friday. Morgan Stanley restated an “overweight” rating and issued a $145.00 price target (up from $125.00) on shares of Copa in a research note on Monday, August 11th. Finally, Cowen restated a “buy” rating on shares of Copa in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, Copa has an average rating of “Buy” and a consensus price target of $155.33.

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.