Copa Holdings, S.A. (NYSE:CPA) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its stake in Copa Holdings, S.A. (NYSE:CPA) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 561,901 shares of the transportation company’s stock after purchasing an additional 44,298 shares during the period. Brandes Investment Partners LP’s holdings in Copa were worth $49,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% in the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after acquiring an additional 143 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Copa by 2.7% in 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. Legend Financial Advisors Inc. grew its stake in shares of Copa by 5.6% in the fourth quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock worth $676,000 after acquiring an additional 406 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Copa by 10.3% in the third quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after acquiring an additional 488 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $92.82 on Friday. 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. The company has a market capitalization of $3.90 billion, a PE ratio of 6.38, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a fifty day moving average of $92.67 and a two-hundred day moving average of $93.06.

Copa (NYSE:CPA) last released its quarterly earnings data 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%. As a group, analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.94%. Copa’s dividend payout ratio is presently 44.23%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CPA shares. UBS Group boosted their price target on shares of Copa from $160.00 to $180.00 and gave the stock 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 note on Wednesday, February 5th. Finally, Cowen reiterated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $153.29.

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.