Dimensional Fund Advisors LP Purchases 159,470 Shares of Copa Holdings, S.A. (NYSE:CPA)

Dimensional Fund Advisors LP grew its position in Copa Holdings, S.A. (NYSE:CPA) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,323 shares of the transportation company’s stock after purchasing an additional 159,470 shares during the period. Dimensional Fund Advisors LP’s holdings in Copa were worth $95,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC raised its holdings in Copa by 4.3% during the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock worth $282,000 after acquiring an additional 132 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in Copa by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock worth $563,000 after acquiring an additional 166 shares in the last quarter. Privium Fund Management UK Ltd increased its position in Copa by 2.6% during the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after buying an additional 178 shares during the last quarter. Everstar Asset Management LLC increased its position in 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 buying an additional 282 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Copa by 3.2% during the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company’s stock worth $1,103,000 after buying an additional 393 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

CPA has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Copa presently has a consensus rating of “Buy” and an average target price of $153.29.

Copa Stock Up 1.6 %

CPA opened at $91.94 on Tuesday. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The company has a market capitalization of $3.87 billion, a P/E ratio of 6.31, a P/E/G ratio of 0.87 and a beta of 1.11. The stock has a fifty day moving average of $91.43 and a 200-day moving average of $92.80.

Copa (NYSE:CPA) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share 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, equities analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.