Redhawk Wealth Advisors Inc. Makes New $994,000 Investment in Copa Holdings, S.A. $CPA

Redhawk Wealth Advisors Inc. bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,243 shares of the transportation company’s stock, valued at approximately $994,000.

Several other hedge funds have also made changes to their positions in CPA. CWM LLC increased its stake in shares of Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after buying an additional 200 shares during the period. US Bancorp DE grew its holdings in Copa by 90.2% during the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Farther Finance Advisors LLC increased its position in Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 190 shares during the period. Marquette Asset Management LLC purchased a new position in Copa during the 3rd quarter valued at about $36,000. Finally, Triumph Capital Management bought a new stake in shares of Copa in the 3rd quarter valued at about $36,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CPA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price objective on shares of Copa in a research note on Monday, February 9th. Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. UBS Group cut their price target on Copa from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.30.

Copa Price Performance

NYSE CPA opened at $111.02 on Monday. The firm’s fifty day simple moving average is $132.96 and its two-hundred day simple moving average is $126.15. The firm has a market capitalization of $4.57 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.87 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $156.41.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.44 by $0.02. Copa had a return on equity of 25.62% and a net margin of 18.57%.The firm had revenue of $962.89 million during the quarter, compared to analysts’ expectations of $959.22 million. During the same quarter last year, the firm earned $3.99 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $1.71 dividend. This is a boost from Copa’s previous quarterly dividend of $1.61. This represents a $6.84 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, February 27th. Copa’s dividend payout ratio is 42.04%.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.