Sei Investments Co. Grows Stake in Copa Holdings, S.A. (NYSE:CPA)

Sei Investments Co. boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 465,210 shares of the transportation company’s stock after acquiring an additional 57,405 shares during the quarter. Sei Investments Co.’s holdings in Copa were worth $40,883,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CPA. Brandes Investment Partners LP increased its position in shares of Copa by 8.6% during the 4th quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company’s stock valued at $49,380,000 after purchasing an additional 44,298 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Copa during the fourth quarter valued at approximately $46,433,000. Marathon Asset Management Ltd raised its position in Copa by 1.3% in the fourth quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company’s stock worth $45,821,000 after acquiring an additional 6,723 shares during the period. Wishbone Management LP boosted its stake in shares of Copa by 20.0% during the 3rd quarter. Wishbone Management LP now owns 420,000 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 70,000 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its position in shares of Copa by 0.9% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 388,686 shares of the transportation company’s stock valued at $34,158,000 after acquiring an additional 3,657 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Stock Up 1.1 %

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

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%. Research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

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

Wall Street Analysts Forecast Growth

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