Assenagon Asset Management S.A. Buys New Shares in Copa Holdings, S.A. (NYSE:CPA)

Assenagon Asset Management S.A. purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,368 shares of the transportation company's stock, valued at approximately $1,438,000.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in Copa by 14.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 14,850 shares of the transportation company's stock worth $1,305,000 after acquiring an additional 1,850 shares during the last quarter. Legend Financial Advisors Inc. grew its position in shares of 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 buying an additional 406 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Copa during the fourth quarter worth about $1,086,000. CWA Asset Management Group LLC lifted its stake in Copa by 24.7% in 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. Finally, Optimist Retirement Group LLC acquired a new position in shares of Copa in the 3rd quarter valued at $240,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Price Performance

Shares of Copa stock traded down $0.40 during trading on Friday, hitting $92.32. 177,133 shares of the company were exchanged, compared to its average volume of 300,696. The firm has a 50 day moving average price of $90.72 and a 200 day moving average price of $92.25. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 0.68 and a beta of 1.44. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.39 earnings per share. On average, equities analysts expect that Copa Holdings, S.A. will post 14.44 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.98%. Copa's dividend payout ratio (DPR) is presently 42.59%.

Analyst Ratings Changes

A number of research firms recently issued reports on CPA. UBS Group raised their price target on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Copa from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $153.29.

Copa 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.