Barclays PLC Has $1.27 Million Position in Copa Holdings, S.A. (NYSE:CPA)

Barclays PLC reduced its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,498 shares of the transportation company's stock after selling 10,223 shares during the quarter. Barclays PLC's holdings in Copa were worth $1,274,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Copa by 147.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after acquiring an additional 591 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa during the fourth quarter worth approximately $225,000. Steward Partners Investment Advisory LLC boosted its position in shares of Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after purchasing an additional 521 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in Copa in the fourth quarter worth $241,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Performance

Shares of NYSE CPA traded down $2.27 during trading hours on Friday, reaching $98.41. 377,681 shares of the stock were exchanged, compared to its average volume of 309,408. 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's fifty day simple moving average is $91.69 and its 200 day simple moving average is $92.55. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The company had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $4.19 earnings per share. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.61 dividend. The ex-dividend date is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.54%. Copa's payout ratio is 43.96%.

Analysts Set New Price Targets

CPA has been the subject of several research analyst reports. StockNews.com upgraded Copa from a "hold" rating to a "buy" rating in a research report on Friday. Cowen restated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.