Brandywine Global Investment Management LLC boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 107.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,110 shares of the transportation company's stock after buying an additional 61,800 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.28% of Copa worth $10,467,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CPA. JPMorgan Chase & Co. increased its stake in shares of Copa by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock valued at $231,002,000 after buying an additional 11,300 shares during the period. Carrhae Capital LLP increased its position in Copa by 26.3% during the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock valued at $61,680,000 after purchasing an additional 145,967 shares during the period. Brandes Investment Partners LP raised its holdings in Copa by 8.6% in the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock worth $49,380,000 after purchasing an additional 44,298 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Copa in the 4th quarter worth about $46,433,000. Finally, Marathon Asset Management Ltd boosted its stake in shares of Copa by 1.3% during the 4th quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company's stock valued at $45,821,000 after purchasing an additional 6,723 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.
Analyst Ratings Changes
CPA has been the subject of several research analyst reports. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Cowen restated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $153.29.
Read Our Latest Research Report on CPA
Copa Stock Down 5.0 %
Shares of Copa stock traded down $4.57 during midday trading on Friday, hitting $86.95. The company had a trading volume of 482,073 shares, compared to its average volume of 301,804. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock has a market capitalization of $3.66 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.87 and a beta of 1.11. The company has a 50 day moving average of $93.52 and a 200 day moving average of $93.56.
Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping 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%. On average, equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.
Copa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 7.41%. Copa's dividend payout ratio is presently 44.23%.
Copa Company Profile
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Free Report)
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.
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