Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,721 shares of the transportation company's stock after buying an additional 7,576 shares during the period. Barclays PLC owned approximately 0.06% of Copa worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc increased its position in shares of Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after acquiring an additional 143 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Copa during the third quarter worth about $82,000. Rhumbline Advisers lifted its holdings in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock worth $132,000 after purchasing an additional 1,380 shares during the period. Mackenzie Financial Corp boosted its position in Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock valued at $256,000 after buying an additional 610 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Copa in the 2nd quarter worth approximately $268,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Stock Performance

NYSE CPA traded down $1.10 during mid-day trading on Thursday, reaching $87.53. 265,866 shares of the stock were exchanged, compared to its average volume of 293,859. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09. The business's 50 day moving average is $94.78 and its 200-day moving average is $92.96. The company has a market capitalization of $3.45 billion, a P/E ratio of 5.79, a P/E/G ratio of 0.72 and a beta of 1.45.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.48 by $0.02. The firm had revenue of $854.71 million for the quarter, compared to analysts' expectations of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $4.39 EPS. On average, equities research analysts forecast that Copa Holdings, S.A. will post 14.48 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Monday, December 2nd. Copa's payout ratio is 42.59%.

Wall Street Analyst Weigh In

Several analysts have commented on CPA shares. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. lowered their price target on shares of Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $148.83.

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.