Copa Holdings, S.A. (NYSE:CPA) Holdings Boosted by Channing Global Advisors LLC

Channing Global Advisors LLC boosted its holdings in Copa Holdings, S.A. (NYSE:CPA) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,892 shares of the transportation company’s stock after acquiring an additional 4,423 shares during the period. Channing Global Advisors LLC’s holdings in Copa were worth $1,052,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Copa by 1,778.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after acquiring an additional 907 shares during the last quarter. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Copa during the fourth quarter valued at approximately $207,000. Cable Hill Partners LLC raised its holdings in shares of Copa by 9.3% during the third quarter. Cable Hill Partners LLC now owns 3,332 shares of the transportation company’s stock valued at $297,000 after buying an additional 283 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Copa by 5,056.1% during the third quarter. IFP Advisors Inc now owns 3,403 shares of the transportation company’s stock valued at $303,000 after buying an additional 3,337 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Copa by 18.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,602 shares of the transportation company’s stock valued at $321,000 after buying an additional 551 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of NYSE CPA traded down $0.24 during mid-day trading on Friday, reaching $98.90. 24,520 shares of the company traded hands, compared to its average volume of 276,456. Copa Holdings, S.A. has a fifty-two week low of $78.12 and a fifty-two week high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market cap of $3.90 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39. The stock has a fifty day simple moving average of $100.88 and a 200-day simple moving average of $96.66.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.57. Copa had a net margin of 14.97% and a return on equity of 37.03%. The business had revenue of $916.93 million for the quarter, compared to analyst estimates of $886.13 million. During the same quarter last year, the business earned $4.49 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Copa Holdings, S.A. will post 16.15 EPS for the current fiscal year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $1.61 dividend. This is a positive change from Copa’s previous quarterly dividend of $0.82. The ex-dividend date was Wednesday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.51%. Copa’s payout ratio is 50.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Monday, February 12th.

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.