Marshall Wace LLP Buys 20,324 Shares of Copa Holdings, S.A. (NYSE:CPA)

Marshall Wace LLP lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,127 shares of the transportation company's stock after purchasing an additional 20,324 shares during the quarter. Marshall Wace LLP owned 0.42% of Copa worth $15,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in Copa in the 4th quarter valued at $1,438,000. Barclays PLC raised its position in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock valued at $2,319,000 after buying an additional 7,576 shares during the last quarter. Range Financial Group LLC bought a new stake in Copa in the 4th quarter valued at approximately $1,086,000. Bridgewater Associates LP bought a new position in shares of Copa during the 4th quarter worth approximately $961,000. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa in the fourth quarter valued at approximately $241,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Cowen restated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. UBS Group upped their price objective on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, StockNews.com cut Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $153.29.

Copa Price Performance

NYSE:CPA traded up $0.19 on Friday, hitting $90.34. The company had a trading volume of 156,004 shares, compared to its average volume of 303,700. The firm has a 50 day moving average of $91.69 and a two-hundred day moving average of $92.88. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.87 and a beta of 1.11. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. 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 announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 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%. On average, research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.13%. Copa's dividend payout ratio (DPR) is presently 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.