Brandes Investment Partners LP Boosts Stake in Copa Holdings, S.A. (NYSE:CPA)

Brandes Investment Partners LP lifted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,901 shares of the transportation company’s stock after acquiring an additional 44,298 shares during the quarter. Brandes Investment Partners LP owned 1.34% of Copa worth $49,380,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Copa by 147.8% during the 4th 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. SPX Gestao de Recursos Ltda lifted its stake in Copa by 0.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 388,686 shares of the transportation company’s stock valued at $34,158,000 after buying an additional 3,657 shares in the last quarter. Ruffer LLP purchased a new position in Copa in the 4th quarter valued at about $6,737,000. CM Management LLC lifted its stake in Copa by 71.4% in the 4th quarter. CM Management LLC now owns 30,000 shares of the transportation company’s stock valued at $2,636,000 after buying an additional 12,500 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Copa in the 4th quarter valued at about $46,433,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPA has been the topic of a number of research reports. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Cowen reaffirmed a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. Finally, UBS Group increased their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One research 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 MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $153.29.

Copa Stock Up 0.9 %

Shares of NYSE CPA opened at $92.82 on Friday. The company has a 50 day simple moving average of $92.67 and a 200-day simple moving average of $93.06. The company has a market capitalization of $3.90 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

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 of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.94%. Copa’s dividend payout ratio is currently 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.