Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,127 shares of the transportation company's stock after acquiring an additional 20,324 shares during the quarter. Marshall Wace LLP owned approximately 0.42% of Copa worth $15,654,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Optimist Retirement Group LLC acquired a new position in Copa in the third quarter worth $240,000. Envestnet Asset Management Inc. bought a new stake in Copa during the fourth quarter valued at $225,000. Steward Partners Investment Advisory LLC lifted 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 buying an additional 521 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings 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 buying an additional 1,288 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Price Performance

Shares of CPA stock traded up $0.19 during midday trading on Friday, reaching $90.34. 156,279 shares of the company were exchanged, compared to its average volume of 304,076. The company's 50 day moving average price is $91.55 and its two-hundred day moving average price is $92.85. The company has a market cap of $3.80 billion, a P/E ratio of 6.20, a PEG ratio of 0.87 and a beta of 1.11. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month 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 - Get Free Report) last released its 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 return on equity of 26.70% and a net margin of 17.67%. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date was Friday, February 28th. Copa's payout ratio is 44.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Cowen restated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. UBS Group upped their price target on shares of Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, 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.