Legend Financial Advisors Inc. Has $676,000 Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Legend Financial Advisors Inc. grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,692 shares of the transportation company’s stock after purchasing an additional 406 shares during the period. Copa makes up 0.5% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 26th biggest holding. Legend Financial Advisors Inc.’s holdings in Copa were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bell Investment Advisors Inc lifted its position in shares of Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Copa in the third quarter valued at approximately $82,000. Rhumbline Advisers increased its position in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,380 shares during the last quarter. Optimist Retirement Group LLC bought a new stake in Copa during the third quarter worth $240,000. Finally, Mackenzie Financial Corp grew its stake in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPA has been the topic of a number of research analyst reports. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. UBS Group boosted their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $153.29.

Copa Price Performance

NYSE CPA traded up $1.80 on Tuesday, hitting $90.28. The stock had a trading volume of 169,508 shares, compared to its average volume of 218,402. The firm has a 50-day moving average of $92.93 and a 200-day moving average of $92.51. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. During the same period in the previous year, the business earned $4.39 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Equities analysts expect that Copa Holdings, S.A. will post 14.48 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date was Monday, December 2nd. Copa’s payout ratio is 42.59%.

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.