Catalyst Capital Advisors LLC Makes New $77,000 Investment in Copa Holdings, S.A. $CPA

Catalyst Capital Advisors LLC purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 700 shares of the transportation company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPA. Millennium Management LLC raised its position in Copa by 56.5% during the first quarter. Millennium Management LLC now owns 507,419 shares of the transportation company’s stock worth $46,916,000 after acquiring an additional 183,184 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Copa by 56.1% during the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after acquiring an additional 122,413 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Copa by 9.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock worth $109,501,000 after acquiring an additional 99,955 shares in the last quarter. Vontobel Holding Ltd. raised its position in Copa by 26.0% during the first quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company’s stock worth $43,786,000 after acquiring an additional 97,656 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Copa during the second quarter worth $9,392,000. 70.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CPA shares. TD Cowen increased their price objective on shares of Copa from $144.00 to $147.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Cowen reissued a “buy” rating on shares of Copa in a research report on Friday, August 8th. Raymond James Financial reissued a “strong-buy” rating on shares of Copa in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Friday. Finally, Evercore ISI increased their price objective on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $155.33.

Copa Trading Up 0.9%

CPA stock opened at $126.41 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The company’s 50-day simple moving average is $119.70 and its 200 day simple moving average is $109.47. Copa Holdings, S.A. has a 52 week low of $82.54 and a 52 week high of $130.00. The company has a market capitalization of $5.20 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, beating the consensus estimate of $3.25 by $0.36. Copa had a net margin of 18.36% and a return on equity of 26.22%. The business had revenue of $842.60 million for the quarter, compared to the consensus estimate of $833.12 million. During the same period in the prior year, the company posted $2.88 earnings per share. Copa’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $1.61 dividend. The ex-dividend date was Friday, August 29th. This represents a $6.44 annualized dividend and a dividend yield of 5.1%. Copa’s dividend payout ratio is 41.87%.

Copa 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.