Ruffer LLP Invests $6.74 Million in Copa Holdings, S.A. (NYSE:CPA)

Ruffer LLP acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 76,658 shares of the transportation company's stock, valued at approximately $6,737,000. Ruffer LLP owned approximately 0.18% of Copa at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bell Investment Advisors Inc lifted its stake in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Copa during the 3rd quarter worth about $82,000. Steward Partners Investment Advisory LLC grew its stake in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after purchasing an additional 521 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Copa by 90.0% during the 4th 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 period. Finally, Optimist Retirement Group LLC acquired a new position in shares of Copa in the third quarter valued at $240,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Analysts Set New Price Targets

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

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Copa Trading Down 0.6 %

Shares of CPA stock traded down $0.54 during mid-day trading on Thursday, hitting $92.00. The company's stock had a trading volume of 476,213 shares, compared to its average volume of 288,201. The company's fifty day simple moving average is $92.40 and its 200-day simple moving average is $93.06. The company has a market cap of $3.87 billion, a PE ratio of 6.32, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping 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 research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 7.00%. Copa's dividend payout ratio is currently 44.23%.

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.