Baillie Gifford & Co. Decreases Stake in Copa Holdings, S.A. (NYSE:CPA)

Baillie Gifford & Co. trimmed its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,062,247 shares of the transportation company's stock after selling 514,881 shares during the quarter. Baillie Gifford & Co. owned approximately 7.28% of Copa worth $269,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CPA. Raymond James & Associates grew its position in Copa by 20.3% during the 3rd quarter. Raymond James & Associates now owns 354,483 shares of the transportation company's stock worth $33,265,000 after acquiring an additional 59,773 shares during the last quarter. Carrhae Capital LLP bought a new stake in shares of Copa in the 3rd quarter worth approximately $52,166,000. Oldfield Partners LLP grew its position in shares of Copa by 6.9% in the 3rd quarter. Oldfield Partners LLP now owns 13,900 shares of the transportation company's stock worth $1,304,000 after buying an additional 900 shares during the last quarter. VELA Investment Management LLC grew its position in shares of Copa by 14.1% in the 3rd quarter. VELA Investment Management LLC now owns 32,371 shares of the transportation company's stock worth $3,038,000 after buying an additional 3,995 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Copa in the 3rd quarter worth approximately $611,000. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPA. StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group boosted their price target on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Copa presently has an average rating of "Buy" and a consensus price target of $153.29.

Copa Stock Performance

NYSE:CPA traded up $0.16 during mid-day trading on Thursday, hitting $98.04. 387,635 shares of the company traded hands, compared to its average volume of 309,268. The stock's fifty day moving average price is $90.57 and its 200-day moving average price is $92.42. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 27.07% and a net margin of 17.67%. Research analysts anticipate that Copa Holdings, S.A. will post 15.38 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a yield of 6.57%. The ex-dividend date is Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

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.