Copa Holdings, S.A. (NYSE:CPA) is Fourth Sail Capital LP's 7th Largest Position

Fourth Sail Capital LP grew its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,790 shares of the transportation company's stock after buying an additional 50,805 shares during the period. Copa accounts for 5.4% of Fourth Sail Capital LP's holdings, making the stock its 7th biggest position. Fourth Sail Capital LP owned 0.49% of Copa worth $18,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPA. Bell Investment Advisors Inc grew its position in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after purchasing an additional 143 shares during the period. Point72 Hong Kong Ltd acquired a new position in Copa during the third quarter worth about $82,000. SG Americas Securities LLC boosted its position in Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares during the last quarter. Optimist Retirement Group LLC purchased a new position in Copa during the third quarter worth about $240,000. Finally, Hyperion Capital Advisors LP purchased a new position in Copa during the third quarter worth about $282,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CPA. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cowen reiterated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. Finally, 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 report on Tuesday, January 7th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $153.29.

Copa Stock Performance

CPA stock traded up $3.36 on Wednesday, hitting $95.75. The company's stock had a trading volume of 403,285 shares, compared to its average volume of 284,167. The firm has a 50 day moving average of $91.62 and a two-hundred day moving average of $92.89. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. Equities analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.61 per share. The ex-dividend date is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.73%. Copa's payout ratio is currently 44.23%.

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.