Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,276 shares of the transportation company's stock after buying an additional 3,320 shares during the quarter. Invesco Ltd.'s holdings in Copa were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Copa by 4.3% during the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after buying an additional 132 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of 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 during the last quarter. Privium Fund Management UK Ltd raised its holdings in shares of Copa by 2.6% in the fourth quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock worth $624,000 after buying an additional 178 shares during the period. Everstar Asset Management LLC increased its stake in Copa by 5.3% in the 4th quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company's stock worth $497,000 after buying an additional 282 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Copa by 3.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock worth $1,103,000 after purchasing an additional 393 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their price target on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $153.29.

Copa Stock Performance

Shares of NYSE:CPA traded up $0.43 during trading on Monday, reaching $94.80. The company had a trading volume of 311,343 shares, compared to its average volume of 304,261. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26. The stock's fifty day moving average price is $91.22 and its 200 day moving average price is $92.60. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

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, topping 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%. As a group, equities research analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.79%. Copa's payout ratio is 44.23%.

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.