Brandes Investment Partners LP Purchases 44,298 Shares of Copa Holdings, S.A. (NYSE:CPA)

Brandes Investment Partners LP increased its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 561,901 shares of the transportation company's stock after purchasing an additional 44,298 shares during the quarter. Brandes Investment Partners LP owned about 1.34% of Copa worth $49,380,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bell Investment Advisors Inc raised its position in Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after acquiring an additional 143 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock worth $563,000 after acquiring an additional 166 shares in the last quarter. Legend Financial Advisors Inc. raised its position in Copa by 5.6% in the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company's stock worth $676,000 after acquiring an additional 406 shares in the last quarter. Quantinno Capital Management LP raised its position in Copa by 10.3% in the third 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. Finally, Steward Partners Investment Advisory LLC raised its position 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 worth $236,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

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Copa Trading Up 1.9 %

NYSE CPA traded up $1.75 on Wednesday, hitting $95.41. 396,359 shares of the company were exchanged, compared to its average volume of 289,465. The company's 50 day moving average price is $92.85 and its 200-day moving average price is $93.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The firm has a market capitalization of $4.01 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00.

Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating 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%. Analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.75%. Copa's dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cowen restated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. One research 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.com, the company presently has an average rating of "Buy" and an average 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.