Copa Holdings, S.A. (NYSE:CPA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,084,323 shares of the transportation company's stock after buying an additional 159,470 shares during the period. Dimensional Fund Advisors LP owned 2.58% of Copa worth $95,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after buying an additional 132 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in Copa by 2.7% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock worth $563,000 after acquiring an additional 166 shares in the last quarter. Privium Fund Management UK Ltd increased its stake in shares of Copa by 2.6% during the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock worth $624,000 after purchasing an additional 178 shares in the last quarter. Everstar Asset Management LLC raised its holdings in shares of Copa by 5.3% during the fourth quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company's stock valued at $497,000 after acquiring an additional 282 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Copa by 3.2% in the 4th quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock valued at $1,103,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cowen reissued a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. 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 has an average rating of "Buy" and a consensus price target of $153.29.

Copa Trading Up 1.1 %

CPA stock traded up $0.99 during midday trading on Thursday, hitting $92.75. 193,736 shares of the company's stock were exchanged, compared to its average volume of 303,911. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The business has a 50-day simple moving average of $91.20 and a two-hundred day simple moving average of $92.76. The stock has a market capitalization of $3.90 billion, a PE ratio of 6.37, a P/E/G ratio of 0.87 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

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. This represents a $6.44 annualized dividend and a yield of 6.94%. The ex-dividend date was Friday, February 28th. Copa's payout ratio is 44.23%.

About Copa

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.