104,054 Shares in Copa Holdings, S.A. (NYSE:CPA) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 104,054 shares of the transportation company's stock, valued at approximately $9,764,000. Public Employees Retirement System of Ohio owned about 0.26% of Copa as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CWA Asset Management Group LLC acquired a new stake in Copa in the 3rd quarter valued at $611,000. Aptus Capital Advisors LLC increased its position in shares of Copa by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company's stock valued at $3,542,000 after acquiring an additional 5,054 shares during the last quarter. Fourth Sail Capital LP raised its holdings in Copa by 45.0% during the third quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company's stock worth $14,731,000 after acquiring an additional 48,692 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Copa by 7,848.9% in the third quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company's stock valued at $39,280,000 after purchasing an additional 413,322 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Copa by 240.5% during the 3rd quarter. GSA Capital Partners LLP now owns 10,375 shares of the transportation company's stock worth $974,000 after purchasing an additional 7,328 shares during the last quarter. Institutional investors own 70.09% of the company's stock.

Copa Stock Performance

CPA stock traded down $3.34 during midday trading on Thursday, reaching $88.10. 359,128 shares of the company were exchanged, compared to its average volume of 291,300. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45. The business has a 50-day moving average price of $96.73 and a two-hundred day moving average price of $93.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million during the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.39 EPS. Equities research analysts forecast that Copa Holdings, S.A. will post 14.48 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.61 per share. The ex-dividend date is Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.31%. Copa's dividend payout ratio (DPR) is currently 42.59%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CPA. JPMorgan Chase & Co. decreased their target price on shares of Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, August 29th. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $148.83.

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.