37,657 Shares in Copa Holdings, S.A. (NYSE:CPA) Bought by Foundry Partners LLC

Foundry Partners LLC bought a new position in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 37,657 shares of the transportation company's stock, valued at approximately $4,003,000. Foundry Partners LLC owned 0.10% of Copa as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in Copa by 7.5% in the third quarter. Baillie Gifford & Co. now owns 3,848,117 shares of the transportation company's stock worth $342,944,000 after purchasing an additional 267,373 shares during the period. JPMorgan Chase & Co. increased its position in shares of Copa by 2.4% during the third quarter. JPMorgan Chase & Co. now owns 2,958,237 shares of the transportation company's stock worth $263,638,000 after acquiring an additional 68,592 shares in the last quarter. Sprucegrove Investment Management Ltd. increased its position in shares of Copa by 2.7% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 2,661,539 shares of the transportation company's stock worth $282,948,000 after acquiring an additional 70,300 shares in the last quarter. FMR LLC increased its position in shares of Copa by 16.8% during the third quarter. FMR LLC now owns 2,401,935 shares of the transportation company's stock worth $214,060,000 after acquiring an additional 345,757 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC increased its position in shares of Copa by 3,647.0% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 261,319 shares of the transportation company's stock worth $23,289,000 after acquiring an additional 254,345 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research report on Monday, February 12th.

Copa Stock Up 0.7 %

CPA stock traded up $0.71 during midday trading on Monday, hitting $102.39. The company's stock had a trading volume of 215,310 shares, compared to its average volume of 279,061. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.94 and a quick ratio of 0.86. Copa Holdings, S.A. has a twelve month low of $78.12 and a twelve month high of $121.20. The company's fifty day moving average price is $100.86 and its 200 day moving average price is $96.52. The stock has a market capitalization of $4.04 billion, a P/E ratio of 8.01, a PEG ratio of 0.36 and a beta of 1.39.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.57. Copa had a net margin of 14.97% and a return on equity of 37.03%. The firm had revenue of $916.93 million for the quarter, compared to analyst estimates of $886.13 million. During the same period in the previous year, the business earned $4.49 EPS. The company's revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts predict that Copa Holdings, S.A. will post 16.15 EPS for the current year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $1.61 dividend. This is a positive change from Copa's previous quarterly dividend of $0.82. This represents a $6.44 annualized dividend and a yield of 6.29%. The ex-dividend date was Wednesday, February 28th. Copa's payout ratio is presently 50.39%.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.