Cape Ann Asset Management Ltd acquired a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 229,800 shares of the transportation company's stock, valued at approximately $20,195,000. Copa comprises 12.7% of Cape Ann Asset Management Ltd's portfolio, making the stock its 5th largest holding. Cape Ann Asset Management Ltd owned 0.55% of Copa at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CPA. Marathon Asset Management Ltd grew its stake in shares of Copa by 1.3% in the fourth quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company's stock valued at $45,821,000 after acquiring an additional 6,723 shares in the last quarter. Wishbone Management LP grew its position in shares of Copa by 20.0% during the 3rd quarter. Wishbone Management LP now owns 420,000 shares of the transportation company's stock worth $39,413,000 after purchasing an additional 70,000 shares in the last quarter. Fourth Sail Capital LP grew its position in shares of Copa by 32.4% during the 4th quarter. Fourth Sail Capital LP now owns 207,790 shares of the transportation company's stock worth $18,261,000 after purchasing an additional 50,805 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Copa during the third quarter worth approximately $14,094,000. Finally, Two Sigma Advisers LP raised its position in shares of Copa by 250.1% in the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company's stock valued at $12,059,000 after buying an additional 91,805 shares in the last quarter. Institutional investors own 70.09% of the company's stock.
Copa Price Performance
Shares of CPA traded down $2.60 during midday trading on Friday, hitting $93.89. The company's stock had a trading volume of 406,721 shares, compared to its average volume of 285,318. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The company's fifty day simple moving average is $91.95 and its two-hundred day simple moving average is $92.94.
Copa (NYSE:CPA - Get Free Report) last released its 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%. As a group, equities analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.
Copa Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date is Friday, February 28th. Copa's dividend payout ratio is 44.23%.
Wall Street Analyst Weigh In
CPA has been the topic of a number of analyst reports. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Cowen reaffirmed 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Copa currently has an average rating of "Buy" and a consensus target price of $153.29.
Check Out Our Latest Research Report on CPA
Copa Profile
(
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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