Carrhae Capital LLP Has $61.68 Million Position in Copa Holdings, S.A. (NYSE:CPA)

Carrhae Capital LLP grew its holdings in Copa Holdings, S.A. (NYSE:CPA) by 26.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 701,867 shares of the transportation company’s stock after buying an additional 145,967 shares during the period. Copa makes up 5.2% of Carrhae Capital LLP’s portfolio, making the stock its 7th largest holding. Carrhae Capital LLP’s holdings in Copa were worth $61,680,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Copa in the third quarter worth about $9,764,000. TT International Asset Management LTD bought a new stake in shares of Copa in the 3rd quarter valued at approximately $4,723,000. Assenagon Asset Management S.A. purchased a new position in shares of Copa in the 4th quarter worth approximately $1,438,000. Two Sigma Advisers LP boosted its holdings in shares of Copa by 250.1% in the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock worth $12,059,000 after purchasing an additional 91,805 shares during the period. Finally, Barclays PLC increased its position in shares of Copa by 44.2% during the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 7,576 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.

Copa Trading Up 1.1 %

NYSE CPA opened at $95.40 on Tuesday. The stock has a market cap of $4.01 billion, a PE ratio of 6.55, a PEG ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The company’s 50-day moving average price is $93.34 and its 200-day moving average price is $93.30. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

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%. Equities research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 44.23%.

Analyst Ratings Changes

A number of analysts recently issued reports on CPA shares. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group raised their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Cowen reiterated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.