Foundry Partners LLC Buys 2,946 Shares of Copa Holdings, S.A. (NYSE:CPA)

Foundry Partners LLC boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,527 shares of the transportation company’s stock after acquiring an additional 2,946 shares during the period. Foundry Partners LLC owned 0.12% of Copa worth $4,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Copa during the 4th quarter worth $46,433,000. Cape Ann Asset Management Ltd bought a new stake in Copa during the fourth quarter worth about $20,195,000. Point72 Asset Management L.P. acquired a new stake in Copa during the third quarter worth about $14,094,000. Carrhae Capital LLP increased its holdings 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 buying an additional 145,967 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Copa in the 3rd quarter valued at approximately $9,764,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Performance

NYSE CPA opened at $86.95 on Friday. The firm’s fifty day moving average price is $93.52 and its two-hundred day moving average price is $93.53. The stock has a market cap of $3.66 billion, a PE ratio of 5.97, a PEG ratio of 0.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, equities analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The company 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 7.41%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPA. Cowen reiterated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $153.29.

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.