Carrhae Capital LLP Has $71.93 Million Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Carrhae Capital LLP raised its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 10.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 777,929 shares of the transportation company's stock after buying an additional 76,062 shares during the quarter. Copa accounts for about 5.3% of Carrhae Capital LLP's investment portfolio, making the stock its 6th largest position. Carrhae Capital LLP owned about 1.85% of Copa worth $71,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock valued at $231,002,000 after buying an additional 11,300 shares in the last quarter. FMR LLC increased its holdings in shares of Copa by 18.1% in the fourth quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock worth $132,151,000 after acquiring an additional 230,653 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Copa by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock worth $95,290,000 after acquiring an additional 159,470 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Copa by 4,063.6% in the fourth quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock worth $47,684,000 after acquiring an additional 529,569 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Copa during the fourth quarter worth about $46,433,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPA. Cowen reissued a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $153.00.

Copa Stock Down 0.9%

CPA stock traded down $1.03 during mid-day trading on Friday, reaching $108.26. 216,528 shares of the company traded hands, compared to its average volume of 318,920. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 0.77 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.15. The firm's 50 day moving average price is $106.82 and its 200 day moving average price is $97.16.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. Copa had a return on equity of 25.91% and a net margin of 17.66%. The firm had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. During the same quarter in the previous year, the business earned $4.19 EPS. The company's revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.95%. Copa's payout ratio is 43.96%.

Copa Company 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.