Fourth Sail Capital LP Makes New Investment in Copa Holdings, S.A. (NYSE:CPA)

Fourth Sail Capital LP bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,993 shares of the transportation company's stock, valued at approximately $7,654,000. Copa accounts for about 2.4% of Fourth Sail Capital LP's holdings, making the stock its 16th largest holding. Fourth Sail Capital LP owned 0.18% of Copa as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in Copa by 16.8% during the 3rd quarter. FMR LLC now owns 2,401,935 shares of the transportation company's stock valued at $214,060,000 after acquiring an additional 345,757 shares in the last quarter. Baillie Gifford & Co. increased its position in Copa by 7.5% during the 3rd quarter. Baillie Gifford & Co. now owns 3,848,117 shares of the transportation company's stock valued at $342,944,000 after buying an additional 267,373 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in 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 valued at $23,289,000 after buying an additional 254,345 shares during the last quarter. Truxt Investmentos Ltda. bought a new stake in Copa in the third quarter worth $9,246,000. Finally, Sprucegrove Investment Management Ltd. grew its stake in shares of Copa by 2.7% in 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 during the last quarter. Institutional investors own 70.09% of the company's stock.

Copa Stock Up 1.9 %

Shares of CPA stock traded up $1.79 during mid-day trading on Wednesday, hitting $97.29. The company's stock had a trading volume of 254,471 shares, compared to its average volume of 275,989. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.35 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.94. Copa Holdings, S.A. has a 52-week low of $78.12 and a 52-week high of $121.20. The business has a 50-day moving average price of $100.80 and a 200 day moving average price of $97.09.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.90 by $0.57. The company had revenue of $916.93 million during the quarter, compared to the consensus estimate of $886.13 million. Copa had a return on equity of 37.03% and a net margin of 14.97%. Copa's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $4.49 EPS. Research analysts predict that Copa Holdings, S.A. will post 16.15 EPS for the current fiscal year.

Copa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $1.61 per share. This is an increase from Copa's previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.62%. Copa's dividend payout ratio is 50.39%.

Analyst Ratings Changes

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

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.

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