Barclays PLC Grows Position in Copa Holdings, S.A. (NYSE:CPA)

Barclays PLC grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 44.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,721 shares of the transportation company’s stock after purchasing an additional 7,576 shares during the period. Barclays PLC owned approximately 0.06% of Copa worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc boosted its holdings in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Carson Advisory Inc. boosted its stake in shares of Copa by 9.1% during the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock worth $352,000 after acquiring an additional 308 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Copa by 10.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock worth $490,000 after acquiring an additional 488 shares during the period. Bank of New York Mellon Corp increased its stake in Copa by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 569 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after purchasing an additional 610 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPA. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. cut their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $148.83.

Copa Trading Up 0.3 %

Shares of CPA stock opened at $88.63 on Thursday. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.72 and a beta of 1.45. The firm has a 50-day moving average price of $95.07 and a 200 day moving average price of $93.00. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.02. The business had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.39 earnings per share. Research analysts forecast that Copa Holdings, S.A. will post 14.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio (DPR) is 42.59%.

About Copa

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.