Vontobel Holding Ltd. Acquires 97,656 Shares of Copa Holdings, S.A. (NYSE:CPA)

Vontobel Holding Ltd. raised its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 26.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 473,562 shares of the transportation company's stock after buying an additional 97,656 shares during the quarter. Vontobel Holding Ltd. owned 1.13% of Copa worth $43,786,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CPA. JPMorgan Chase & Co. increased its position in shares of Copa by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock worth $231,002,000 after acquiring an additional 11,300 shares in the last quarter. FMR LLC grew its position in Copa by 18.1% during the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company's stock worth $132,151,000 after purchasing an additional 230,653 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Copa by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock valued at $95,290,000 after purchasing an additional 159,470 shares during the period. Carrhae Capital LLP raised its stake in Copa by 26.3% during the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock valued at $61,680,000 after purchasing an additional 145,967 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in shares of Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock valued at $49,380,000 after purchasing an additional 44,298 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Copa Stock Up 0.4%

Shares of NYSE CPA traded up $0.46 during mid-day trading on Friday, reaching $111.64. The company had a trading volume of 179,550 shares, compared to its average volume of 320,211. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.88 and a current ratio of 0.99. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $112.70. The stock's 50 day moving average is $103.80 and its 200-day moving average is $95.50. The stock has a market capitalization of $4.60 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.79 and a beta of 1.31.

Copa (NYSE:CPA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating 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 company posted $4.19 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.61 dividend. The ex-dividend date was Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.77%. Copa's dividend payout ratio is currently 43.96%.

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.