Banco BTG Pactual S.A. Has $8.74 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Banco BTG Pactual S.A. lessened its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,000 shares of the transportation company’s stock after selling 17,170 shares during the quarter. Copa makes up 2.0% of Banco BTG Pactual S.A.’s holdings, making the stock its 11th biggest holding. Banco BTG Pactual S.A. owned approximately 0.24% of Copa worth $8,742,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Carrhae Capital LLP increased its position in Copa by 26.3% in the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock valued at $61,680,000 after acquiring an additional 145,967 shares during the period. Brandes Investment Partners LP raised its position in Copa by 8.6% during the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock worth $49,380,000 after purchasing an additional 44,298 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Copa in the fourth quarter valued at approximately $46,433,000. Marathon Asset Management Ltd boosted its stake in shares of Copa by 1.3% in the 4th quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company’s stock valued at $45,821,000 after purchasing an additional 6,723 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Copa by 14.1% in the 4th quarter. Sei Investments Co. now owns 465,210 shares of the transportation company’s stock valued at $40,883,000 after purchasing an additional 57,405 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cowen restated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. One investment 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. According to MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Stock Performance

NYSE CPA opened at $96.40 on Wednesday. The company has a market cap of $4.05 billion, a P/E ratio of 6.62, a PEG ratio of 0.87 and a beta of 1.42. The company has a fifty day simple moving average of $93.43 and a 200 day simple moving average of $93.36. 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 Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.68%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio (DPR) is presently 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.