Lifetime Wealth Management P.C. trimmed its holdings in shares of Copa Holdings, S.A. (NYSE:CPA – Free Report) by 33.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,120 shares of the transportation company’s stock after selling 9,200 shares during the period. Copa accounts for about 1.4% of Lifetime Wealth Management P.C.’s holdings, making the stock its 20th largest holding. Lifetime Wealth Management P.C.’s holdings in Copa were worth $2,389,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CPA. Elevation Wealth Partners LLC boosted its position in shares of Copa by 59.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 266 shares of the transportation company’s stock worth $35,000 after acquiring an additional 99 shares in the last quarter. Triumph Capital Management raised its position in shares of Copa by 26.7% during the 2nd quarter. Triumph Capital Management now owns 570 shares of the transportation company’s stock worth $89,000 after acquiring an additional 120 shares in the last quarter. IFP Advisors Inc raised its position in shares of Copa by 15.4% during the 3rd quarter. IFP Advisors Inc now owns 959 shares of the transportation company’s stock worth $126,000 after acquiring an additional 128 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Copa by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,181 shares of the transportation company’s stock worth $361,000 after acquiring an additional 151 shares in the last quarter. Finally, Quad Cities Investment Group LLC lifted its stake in Copa by 1.8% during the second quarter. Quad Cities Investment Group LLC now owns 8,502 shares of the transportation company’s stock worth $1,323,000 after purchasing an additional 152 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently issued reports on CPA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. UBS Group dropped their price target on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Raymond James Financial cut their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $172.20.
View Our Latest Report on Copa
Copa Price Performance
Shares of CPA opened at $129.24 on Monday. Copa Holdings, S.A. has a 1-year low of $107.44 and a 1-year high of $160.46. The stock has a market cap of $5.32 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97. The firm has a fifty day moving average price of $131.74 and a 200 day moving average price of $133.17.
Copa (NYSE:CPA – Get Free Report) last released its quarterly earnings data on Saturday, August 8th. The transportation company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.21). The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. Copa had a net margin of 15.71% and a return on equity of 22.40%. The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 14.78 EPS for the current year.
Copa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 31st. Copa’s payout ratio is presently 44.97%.
Copa Company Profile
Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.
Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.
Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.
See Also
- Five stocks we like better than Copa
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Want to see what other hedge funds are holding CPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copa Holdings, S.A. (NYSE:CPA – Free Report).
Receive News & Ratings for Copa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copa and related companies with MarketBeat.com's FREE daily email newsletter.
