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

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

Several other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Copa during the fourth quarter valued at approximately $46,433,000. Invesco Ltd. grew its stake in shares of Copa by 37.1% in the fourth quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock valued at $1,079,000 after buying an additional 3,320 shares in the last quarter. FMR LLC raised its holdings in shares of Copa by 18.1% in the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock valued at $132,151,000 after purchasing an additional 230,653 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Copa by 3.2% during the 4th quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock worth $1,103,000 after acquiring an additional 393 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Copa during the 4th quarter worth about $225,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Analysts Set New Price Targets

CPA has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Cowen reissued a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $153.29.

Copa Price Performance

CPA opened at $94.36 on Monday. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 0.87 and a beta of 1.26. The firm's fifty day moving average price is $91.22 and its two-hundred day moving average price is $92.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99.

Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share 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%. As a group, analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed 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. This represents a $6.44 annualized dividend and a yield of 6.82%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.