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

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

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

Wall Street Analysts Forecast Growth

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

Copa Price Performance

Shares of CPA stock traded down $0.24 during trading hours on Friday, reaching $98.90. The company had a trading volume of 24,520 shares, compared to its average volume of 276,456. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.35 and a beta of 1.39. Copa Holdings, S.A. has a 12-month low of $78.12 and a 12-month high of $121.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.94. The stock has a fifty day moving average of $100.88 and a 200-day moving average of $96.66.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $3.90 by $0.57. The company had revenue of $916.93 million during the quarter, compared to analyst estimates of $886.13 million. Copa had a return on equity of 37.03% and a net margin of 14.97%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.49 earnings per share. On average, equities analysts anticipate that Copa Holdings, S.A. will post 16.15 earnings per share for the current year.

Copa Increases Dividend

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

Copa Profile

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.