Redhawk Wealth Advisors Inc. Makes New Investment in Copa Holdings, S.A. $CPA

Redhawk Wealth Advisors Inc. purchased a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, Holdings Channel.com reports. The firm purchased 8,243 shares of the transportation company’s stock, valued at approximately $994,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPA. CWM LLC lifted its stake in shares of Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock worth $30,000 after buying an additional 200 shares during the period. US Bancorp DE increased its position in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Farther Finance Advisors LLC increased its position in shares of Copa by 271.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 190 shares during the period. Marquette Asset Management LLC purchased a new position in Copa in the 3rd quarter worth $36,000. Finally, Triumph Capital Management purchased a new position in Copa in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded Copa from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Bank of America decreased their target price on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Itau BBA Securities initiated coverage on shares of Copa in a research report on Sunday, November 30th. They set a “market perform” rating for the company. Finally, Evercore restated an “outperform” rating and set a $185.00 price objective on shares of Copa in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.30.

Copa Stock Performance

Shares of CPA stock opened at $111.02 on Monday. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $156.41. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $4.57 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.87 and a beta of 0.89. The business has a 50-day simple moving average of $132.96 and a 200-day simple moving average of $126.15.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The company had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. During the same period last year, the business earned $3.99 earnings per share. Copa’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.71 per share. This is a positive change from Copa’s previous quarterly dividend of $1.61. The ex-dividend date of this dividend was Friday, February 27th. This represents a $6.84 annualized dividend and a dividend yield of 6.2%. Copa’s payout ratio is presently 42.04%.

About Copa

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.