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

Stratos Wealth Partners LTD. cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 56.7% in the fourth quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in Copa in the fourth quarter valued at $32,000. Advisory Services Network LLC raised its holdings in shares of Copa by 1,560.7% in the first quarter. Advisory Services Network LLC now owns 465 shares of the transportation company’s stock valued at $43,000 after buying an additional 437 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Copa by 136.8% in the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock valued at $58,000 after buying an additional 398 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Copa by 16.2% in the first quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after buying an additional 151 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Copa by 292.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,292 shares of the transportation company’s stock valued at $107,000 after buying an additional 963 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Copa Price Performance

Shares of NYSE:CPA opened at $95.77 on Wednesday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 0.35 and a beta of 1.39. Copa Holdings, S.A. has a one year low of $78.12 and a one year high of $121.20. The company has a 50-day simple moving average of $100.82 and a 200-day simple moving average of $96.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.94.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.57. The firm 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 company posted $4.49 earnings per share. On average, analysts predict that Copa Holdings, S.A. will post 16.15 EPS for the current year.

Copa Increases Dividend

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

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.