Fmr LLC Has $132.15 Million Position in Copa Holdings, S.A. (NYSE:CPA)

FMR LLC boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,503,772 shares of the transportation company's stock after purchasing an additional 230,653 shares during the period. FMR LLC owned 3.58% of Copa worth $132,151,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after buying an additional 591 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Copa during the 4th quarter worth about $225,000. Steward Partners Investment Advisory LLC grew its stake in Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after acquiring an additional 521 shares in the last quarter. SG Americas Securities LLC increased 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 purchasing an additional 1,288 shares during the period. Finally, Optimist Retirement Group LLC purchased a new stake in shares of Copa in the third quarter worth approximately $240,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Stock Up 0.1 %

Shares of Copa stock traded up $0.05 during midday trading on Friday, reaching $88.06. 155,317 shares of the company's stock traded hands, compared to its average volume of 305,006. 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 Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The company's 50 day simple moving average is $92.30 and its 200 day simple moving average is $93.10. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11.

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

Copa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a yield of 7.31%. Copa's dividend payout ratio (DPR) is currently 44.23%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.