Copa Holdings, S.A. (NYSE:CPA) Position Boosted by Marshall Wace LLP

Marshall Wace LLP increased its position in Copa Holdings, S.A. (NYSE:CPA) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 178,127 shares of the transportation company’s stock after purchasing an additional 20,324 shares during the quarter. Marshall Wace LLP’s holdings in Copa were worth $15,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPA. Assenagon Asset Management S.A. bought a new stake in shares of Copa in the 4th quarter valued at approximately $1,438,000. Barclays PLC boosted its holdings in Copa by 44.2% in the third quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock worth $2,319,000 after purchasing an additional 7,576 shares during the period. Range Financial Group LLC bought a new stake in Copa during the fourth quarter valued at $1,086,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa during the fourth quarter worth $241,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Copa in the 4th quarter worth about $1,004,000. 70.09% of the stock is owned by institutional investors.

Copa Price Performance

Shares of CPA opened at $88.06 on Monday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. The stock’s fifty day moving average is $92.27 and its 200-day moving average is $93.06. Copa Holdings, S.A. has a one year low of $80.01 and a one year 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.

Copa (NYSE:CPA) last issued its quarterly earnings results 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 net margin of 17.67% and a return on equity of 26.70%. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 7.31%. Copa’s dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

CPA has been the topic of several research reports. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Cowen restated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. One research 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $153.29.

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.