Sei Investments Co. Grows Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Sei Investments Co. grew its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 465,210 shares of the transportation company's stock after acquiring an additional 57,405 shares during the period. Sei Investments Co. owned about 1.11% of Copa worth $40,883,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Copa in the fourth quarter worth $46,433,000. Cape Ann Asset Management Ltd purchased a new stake in shares of Copa in the 4th quarter worth about $20,195,000. Point72 Asset Management L.P. bought a new position in shares of Copa in the 3rd quarter worth about $14,094,000. Public Employees Retirement System of Ohio purchased a new position in Copa during the 3rd quarter valued at about $9,764,000. Finally, Two Sigma Advisers LP boosted its stake in Copa by 250.1% during the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company's stock worth $12,059,000 after acquiring an additional 91,805 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

Copa Stock Down 0.4 %

Shares of CPA stock traded down $0.36 during mid-day trading on Thursday, hitting $95.61. The company's stock had a trading volume of 120,164 shares, compared to its average volume of 289,497. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.87 and a beta of 1.42. The business has a 50-day moving average price of $93.62 and a 200 day moving average price of $93.39.

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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, beating 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%. Research analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 6.74%. Copa's payout ratio is 44.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPA shares. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group raised their price objective on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, Cowen reissued a "buy" rating on shares of Copa in a 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $153.29.

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.