Carrhae Capital LLP Boosts Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Carrhae Capital LLP boosted its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 701,867 shares of the transportation company's stock after acquiring an additional 145,967 shares during the quarter. Copa accounts for about 5.2% of Carrhae Capital LLP's investment portfolio, making the stock its 7th biggest position. Carrhae Capital LLP owned about 1.67% of Copa worth $61,680,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc raised its holdings in shares of Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock worth $59,000 after buying an additional 143 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Copa in the third quarter valued at $82,000. EverSource Wealth Advisors LLC raised its stake in Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after acquiring an additional 591 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after purchasing an additional 521 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $153.29.

Copa Trading Down 1.3 %

Shares of NYSE CPA traded down $1.28 during midday trading on Friday, hitting $94.25. The stock had a trading volume of 261,860 shares, compared to its average volume of 297,411. The firm has a market cap of $3.96 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The company's 50-day simple moving average is $93.70 and its 200 day simple moving average is $93.51.

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

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. Copa's payout ratio 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.