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

Invesco Ltd. boosted its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,276 shares of the transportation company's stock after purchasing 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 SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after buying an additional 591 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Copa during the 4th quarter worth approximately $225,000. Steward Partners Investment Advisory LLC raised its holdings in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares during the period. SG Americas Securities LLC lifted its position in Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock valued at $239,000 after buying an additional 1,288 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Copa during the fourth quarter worth approximately $241,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Stock Up 0.1 %

Shares of Copa stock traded up $0.10 on Wednesday, hitting $96.23. 399,587 shares of the company's stock traded hands, compared to its average volume of 305,223. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4.05 billion, a P/E ratio of 6.61, a PEG ratio of 0.87 and a beta of 1.26. The firm's 50-day moving average is $91.39 and its 200 day moving average is $92.60.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, topping the consensus estimate of $3.78 by $0.50. Copa had a net margin of 17.67% and a return on equity of 26.70%. During the same quarter in the previous year, the business earned $4.19 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date was Friday, February 28th. Copa's dividend payout ratio is presently 44.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cowen reiterated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. Finally, 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. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.