Range Financial Group LLC Acquires 4,297 Shares of Copa Holdings, S.A. (NYSE:CPA)

Range Financial Group LLC increased its holdings in Copa Holdings, S.A. (NYSE:CPA) by 34.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,652 shares of the transportation company’s stock after purchasing an additional 4,297 shares during the quarter. Range Financial Group LLC’s holdings in Copa were worth $1,540,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CPA. EverSource Wealth Advisors LLC increased its position in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Copa during the fourth quarter worth $225,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Copa by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after buying an additional 521 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Copa during the fourth quarter valued at $241,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of Copa during the fourth quarter valued at $244,000. Institutional investors own 70.09% of the company’s stock.

Copa Stock Up 3.1%

Shares of NYSE CPA opened at $107.95 on Monday. The company has a 50 day simple moving average of $96.17 and a 200-day simple moving average of $93.31. The company has a market capitalization of $4.44 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.87 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $110.73.

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 analysts’ consensus estimates of $3.77 by $0.51. The firm had revenue of $899.18 million during the quarter, compared to analysts’ expectations of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $4.19 EPS. On average, equities research analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.97%. Copa’s payout ratio is currently 43.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Cowen reaffirmed a “buy” rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.00.

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.