Hosking Partners LLP Cuts Stake in Copa Holdings, S.A. (NYSE:CPA)

Hosking Partners LLP lowered its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,514 shares of the transportation company's stock after selling 13,635 shares during the quarter. Hosking Partners LLP owned 0.17% of Copa worth $6,197,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. VELA Investment Management LLC increased its stake in Copa by 8.3% in the fourth quarter. VELA Investment Management LLC now owns 35,042 shares of the transportation company's stock valued at $3,079,000 after purchasing an additional 2,671 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Copa in the 4th quarter valued at about $1,004,000. Kestra Investment Management LLC increased its position in Copa by 119.3% in the 4th quarter. Kestra Investment Management LLC now owns 18,568 shares of the transportation company's stock valued at $1,632,000 after buying an additional 10,100 shares in the last quarter. Oldfield Partners LLP raised its stake in Copa by 12.2% during the 4th quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company's stock worth $1,371,000 after buying an additional 1,700 shares during the period. Finally, SG Americas Securities LLC raised its stake in Copa by 90.0% during the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after buying an additional 1,288 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

Analysts Set New Price Targets

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

Copa Stock Up 1.0 %

Shares of NYSE:CPA traded up $0.89 during mid-day trading on Tuesday, hitting $92.42. 587,456 shares of the company traded hands, compared to its average volume of 282,937. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $91.55 and a two-hundred day moving average price of $92.88. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market cap of $3.89 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.87 and a beta of 1.44.

Copa (NYSE:CPA - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.97%. The ex-dividend date is Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

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.