Silvercrest Asset Management Group LLC Has $1.41 Million Holdings in Copa Holdings, S.A. (NYSE:CPA)

Silvercrest Asset Management Group LLC grew its stake in Copa Holdings, S.A. (NYSE:CPA) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,060 shares of the transportation company’s stock after buying an additional 169 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Copa were worth $1,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPA. EverSource Wealth Advisors LLC lifted its position in shares of Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after buying an additional 591 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Copa in the fourth quarter worth about $225,000. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% in the fourth 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 last quarter. SG Americas Securities LLC lifted its position in shares of Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after buying an additional 1,288 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa in the fourth quarter worth about $241,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

NYSE CPA opened at $103.83 on Wednesday. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $107.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock has a market capitalization of $4.27 billion, a PE ratio of 7.13, a P/E/G ratio of 0.87 and a beta of 1.26. The stock has a 50-day simple moving average of $92.84 and a 200 day simple moving average of $92.70.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The business had revenue of $899.18 million during the quarter, compared to analysts’ expectations of $888.82 million. During the same quarter in the previous year, the firm earned $4.19 EPS. The firm’s revenue was up .6% compared to the same quarter last year. Research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $1.61 dividend. The ex-dividend date is Friday, May 30th. This represents a $6.44 annualized dividend and a yield of 6.20%. Copa’s dividend payout ratio (DPR) is 43.96%.

Analysts Set New Price Targets

A number of analysts have weighed in on CPA shares. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Saturday. Cowen reaffirmed a “buy” rating on shares of Copa in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.83.

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.