Fourth Sail Capital LP Increases Stake in Copa Holdings, S.A. (NYSE:CPA)

Fourth Sail Capital LP lifted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 32.4% in the 4th quarter, Holdings Channel reports. The fund owned 207,790 shares of the transportation company’s stock after acquiring an additional 50,805 shares during the quarter. Copa accounts for approximately 5.4% of Fourth Sail Capital LP’s investment portfolio, making the stock its 7th biggest position. Fourth Sail Capital LP’s holdings in Copa were worth $18,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPA. Bell Investment Advisors Inc raised its position in Copa by 29.6% in the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after buying an additional 143 shares during the last quarter. Carolina Wealth Advisors LLC raised its holdings 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 valued at $563,000 after purchasing an additional 166 shares during the last quarter. Legend Financial Advisors Inc. raised its holdings 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 valued at $676,000 after purchasing an additional 406 shares during the last quarter. Quantinno Capital Management LP lifted its position 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 purchasing an additional 488 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Copa during the third quarter worth $82,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CPA. Cowen reiterated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $153.29.

Copa Stock Up 0.2 %

Shares of CPA stock opened at $92.84 on Monday. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-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 stock has a market cap of $3.90 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.87 and a beta of 1.44. The firm’s 50-day moving average is $91.49 and its 200-day moving average is $92.87.

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 return on equity of 26.70% and a net margin of 17.67%. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.61 per share. The ex-dividend date is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.94%. Copa’s dividend payout ratio (DPR) is 44.23%.

Copa Company 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.