Invenomic Capital Management LP Purchases 37,278 Shares of Copa Holdings, S.A. (NYSE:CPA)

Invenomic Capital Management LP increased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,220 shares of the transportation company's stock after acquiring an additional 37,278 shares during the quarter. Invenomic Capital Management LP owned approximately 0.18% of Copa worth $6,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPA. Captrust Financial Advisors grew its position in Copa by 4,063.6% in the 4th quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock worth $47,684,000 after purchasing an additional 529,569 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Copa in the fourth quarter valued at approximately $46,433,000. Canada Pension Plan Investment Board bought a new position in shares of Copa in the fourth quarter valued at approximately $40,311,000. FMR LLC boosted 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 valued at $132,151,000 after acquiring an additional 230,653 shares in the last quarter. Finally, Cape Ann Asset Management Ltd bought a new position in shares of Copa in the fourth quarter valued at approximately $20,195,000. Institutional investors own 70.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CPA. Cowen restated a "buy" rating on shares of Copa in a report on Wednesday. StockNews.com upgraded shares of Copa from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $153.29.

Copa Trading Up 0.7%

Shares of NYSE:CPA traded up $0.70 during mid-day trading on Wednesday, hitting $102.60. The stock had a trading volume of 76,882 shares, compared to its average volume of 308,115. 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. The company has a market cap of $4.22 billion, a PE ratio of 7.04, a P/E/G ratio of 0.87 and a beta of 1.26. The company's 50 day moving average is $91.86 and its 200-day moving average is $92.55.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. The business had revenue of $899.18 million for the quarter, compared to the consensus estimate of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. Copa's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $4.19 EPS. On average, sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.61 per share. The ex-dividend date is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.28%. Copa's dividend payout ratio (DPR) 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.