10,187 Shares in Copa Holdings, S.A. (NYSE:CPA) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,187 shares of the transportation company’s stock, valued at approximately $1,083,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors grew its stake in Copa by 5.9% during the 4th quarter. Capital World Investors now owns 3,923,752 shares of the transportation company’s stock worth $417,134,000 after buying an additional 218,236 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Copa by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,237 shares of the transportation company’s stock valued at $263,638,000 after purchasing an additional 68,592 shares during the last quarter. Sprucegrove Investment Management Ltd. grew its stake in Copa by 2.7% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,661,539 shares of the transportation company’s stock valued at $282,948,000 after purchasing an additional 70,300 shares during the last quarter. FMR LLC grew its stake 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 purchasing an additional 345,757 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Copa by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 687,771 shares of the transportation company’s stock valued at $73,119,000 after purchasing an additional 38,326 shares during the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPA shares. TD Cowen dropped their price target on Copa from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday. Raymond James boosted their price target on Copa from $165.00 to $168.00 and gave the company a “strong-buy” rating in a research note on Friday, May 17th. Evercore ISI boosted their price objective on Copa from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley initiated coverage on Copa in a report on Friday, May 24th. They issued an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $154.67.

Copa Stock Performance

Shares of CPA stock opened at $95.56 on Thursday. The stock has a market cap of $3.77 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.22 and a beta of 1.48. Copa Holdings, S.A. has a 52-week low of $78.12 and a 52-week high of $121.20. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $100.01 and a 200-day simple moving average of $100.22.

Copa (NYSE:CPA) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.92. The company had revenue of $893.47 million during the quarter, compared to analysts’ expectations of $866.73 million. Copa had a return on equity of 36.59% and a net margin of 16.42%. Copa’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.99 EPS. On average, equities analysts expect that Copa Holdings, S.A. will post 16.66 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $1.61 dividend. The ex-dividend date was Friday, May 31st. This represents a $6.44 dividend on an annualized basis and a yield of 6.74%. Copa’s payout ratio is 46.33%.

Copa Company 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.