Wasatch Advisors LP Invests $1.15 Million in Copa Holdings, S.A. (NYSE:CPA)

Wasatch Advisors LP acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,119 shares of the transportation company's stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPA. EverSource Wealth Advisors LLC lifted its stake in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after purchasing an additional 591 shares in the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of Copa during the 3rd quarter valued at approximately $240,000. Envestnet Asset Management Inc. bought a new stake in shares of Copa during the 4th quarter valued at about $225,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after purchasing an additional 521 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Stock Up 0.6 %

NYSE:CPA traded up $0.49 during trading hours on Wednesday, hitting $87.52. 167,677 shares of the company's stock traded hands, compared to its average volume of 304,339. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The firm has a market cap of $3.68 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.87 and a beta of 1.11. 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's fifty day moving average price is $92.04 and its two-hundred day moving average price is $92.95.

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

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 7.36%. Copa's dividend payout ratio is 44.23%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CPA. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $153.29.

About Copa

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.