Stratos Wealth Partners LTD. Reduces Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Stratos Wealth Partners LTD. reduced its holdings in Copa Holdings, S.A. (NYSE:CPA) by 56.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,160 shares of the transportation company’s stock after selling 2,832 shares during the period. Stratos Wealth Partners LTD.’s holdings in Copa were worth $230,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. lifted its stake in shares of Copa by 7.5% in the 3rd 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. Capital World Investors lifted its stake in shares of Copa by 9.9% in the 1st quarter. Capital World Investors now owns 3,298,119 shares of the transportation company’s stock valued at $275,855,000 after purchasing an additional 297,595 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 68,592 shares during the period. FMR LLC lifted its stake in shares of 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 purchasing an additional 345,757 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Copa by 9.4% in the 1st quarter. BlackRock Inc. now owns 2,393,256 shares of the transportation company’s stock valued at $221,017,000 after purchasing an additional 205,746 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Performance

NYSE:CPA opened at $95.77 on Wednesday. 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 company has a fifty day moving average of $100.82 and a two-hundred day moving average of $96.08. The stock has a market capitalization of $3.78 billion, a PE ratio of 7.49, a P/E/G ratio of 0.35 and a beta of 1.39. Copa Holdings, S.A. has a fifty-two week low of $78.12 and a fifty-two week high of $121.20.

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

Copa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Copa’s previous quarterly dividend of $0.82. This represents a $6.44 dividend on an annualized basis and a yield of 6.72%. Copa’s dividend payout ratio is currently 50.39%.

Analyst Ratings Changes

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

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.