Foundry Partners LLC Has $4.27 Million Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Foundry Partners LLC grew its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,527 shares of the transportation company's stock after acquiring an additional 2,946 shares during the period. Foundry Partners LLC owned 0.12% of Copa worth $4,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CPA. Massachusetts Financial Services Co. MA lifted its position in Copa by 16.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,880 shares of the transportation company's stock worth $1,308,000 after buying an additional 2,112 shares in the last quarter. Everstar Asset Management LLC lifted its position in shares of Copa by 5.3% during the fourth quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company's stock worth $497,000 after purchasing an additional 282 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of Copa by 107.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 119,110 shares of the transportation company's stock valued at $10,467,000 after purchasing an additional 61,800 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Copa by 9.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 211,849 shares of the transportation company's stock valued at $18,617,000 after purchasing an additional 18,292 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after purchasing an additional 11,300 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

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Copa Stock Performance

Shares of NYSE:CPA traded down $4.00 on Thursday, reaching $85.26. 115,079 shares of the company's stock were exchanged, compared to its average volume of 304,137. 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 Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a fifty day moving average of $92.74 and a 200-day moving average of $93.34. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.87 and a beta of 1.11.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping 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 predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 7.55%. Copa's dividend payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

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

Copa Company 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.