Semanteon Capital Management LP Buys Shares of 10,940 Copa Holdings, S.A. (NYSE:CPA)

Semanteon Capital Management LP bought a new stake in Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,940 shares of the transportation company’s stock, valued at approximately $1,163,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Copa by 7.5% during the third quarter. Baillie Gifford & Co. now owns 3,848,117 shares of the transportation company’s stock valued at $342,944,000 after purchasing an additional 267,373 shares during the period. JPMorgan Chase & Co. boosted its stake in Copa by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,237 shares of the transportation company’s stock valued at $263,638,000 after buying an additional 68,592 shares in the last quarter. Sprucegrove Investment Management Ltd. boosted its stake in Copa by 2.7% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,661,539 shares of the transportation company’s stock valued at $282,948,000 after buying an additional 70,300 shares in the last quarter. FMR LLC boosted its stake in Copa by 16.8% in the 3rd quarter. FMR LLC now owns 2,401,935 shares of the transportation company’s stock valued at $214,060,000 after buying an additional 345,757 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC boosted its stake in Copa by 3,647.0% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 261,319 shares of the transportation company’s stock valued at $23,289,000 after buying an additional 254,345 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Up 1.1 %

Shares of NYSE:CPA traded up $1.04 during mid-day trading on Thursday, reaching $99.14. 210,382 shares of the stock were exchanged, compared to its average volume of 279,637. Copa Holdings, S.A. has a one year low of $78.12 and a one year high of $121.20. The company has a market cap of $3.91 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.36 and a beta of 1.39. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $100.88 and its 200-day simple moving average is $96.66.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, February 7th. The transportation company reported $4.47 EPS 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 the consensus estimate 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 previous year, the company posted $4.49 EPS. As a group, equities research analysts predict that Copa Holdings, S.A. will post 16.15 EPS for the current year.

Copa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $1.61 per share. This is a positive change from Copa’s previous quarterly dividend of $0.82. This represents a $6.44 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Wednesday, February 28th. Copa’s dividend payout ratio is 50.39%.

Analysts Set New Price Targets

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

Copa Company 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.