10,940 Shares in Copa Holdings, S.A. (NYSE:CPA) Bought by Bridgewater Associates LP

Bridgewater Associates LP acquired a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,940 shares of the transportation company's stock, valued at approximately $961,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Copa by 44.2% during the third quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock valued at $2,319,000 after acquiring an additional 7,576 shares in the last quarter. Optimist Retirement Group LLC bought a new position in shares of Copa during the third quarter valued at $240,000. CWA Asset Management Group LLC boosted its position in shares of Copa by 24.7% during the fourth quarter. CWA Asset Management Group LLC now owns 8,116 shares of the transportation company's stock valued at $713,000 after buying an additional 1,605 shares during the last quarter. Range Financial Group LLC bought a new stake in Copa in the 4th quarter worth about $1,086,000. Finally, Legend Financial Advisors Inc. raised its position in Copa by 5.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock worth $676,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Stock Performance

Shares of Copa stock traded up $0.64 on Wednesday, hitting $87.67. 349,214 shares of the company's stock were exchanged, compared to its average volume of 305,119. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a 50-day simple moving average of $92.04 and a 200-day simple moving average of $92.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock has a market capitalization of $3.69 billion, a PE ratio of 6.02, a PEG ratio of 0.87 and a beta of 1.11.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend was Friday, February 28th. Copa's dividend payout ratio is 44.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CPA shares. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Copa currently has a consensus rating of "Buy" and an average price target of $153.29.

Copa Company 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.