Artisan Partners Limited Partnership Reduces Holdings in Copa Holdings, S.A. (NYSE:CPA)

Artisan Partners Limited Partnership decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,976 shares of the transportation company's stock after selling 41,162 shares during the quarter. Artisan Partners Limited Partnership owned 0.40% of Copa worth $14,937,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its position in Copa by 4.3% during the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after purchasing an additional 132 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Copa by 2.7% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock valued at $563,000 after buying an additional 166 shares in the last quarter. Privium Fund Management UK Ltd grew its stake in Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock valued at $624,000 after acquiring an additional 178 shares during the period. Legend Financial Advisors Inc. grew its stake in Copa by 5.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock valued at $676,000 after acquiring an additional 406 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Copa by 10.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company's stock worth $490,000 after acquiring an additional 488 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Copa Price Performance

NYSE CPA traded down $1.59 during trading hours on Monday, hitting $92.57. 217,651 shares of the company's stock traded hands, compared to its average volume of 297,093. The company has a market capitalization of $3.89 billion, a PE ratio of 6.36, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The firm's 50-day moving average is $93.70 and its 200-day moving average is $93.55.

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

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analysts Forecast Growth

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