Oldfield Partners LLP Buys 1,700 Shares of Copa Holdings, S.A. (NYSE:CPA)

Oldfield Partners LLP lifted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,600 shares of the transportation company’s stock after purchasing an additional 1,700 shares during the quarter. Copa comprises 0.4% of Oldfield Partners LLP’s investment portfolio, making the stock its 17th biggest holding. Oldfield Partners LLP’s holdings in Copa were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Carrhae Capital LLP purchased a new stake in Copa in the 3rd quarter valued at about $52,166,000. Marathon Asset Management Ltd increased its stake in shares of Copa by 1.7% during the 3rd quarter. Marathon Asset Management Ltd now owns 514,679 shares of the transportation company’s stock worth $48,297,000 after purchasing an additional 8,524 shares during the last quarter. Wishbone Management LP increased its stake in shares of Copa by 20.0% during the 3rd quarter. Wishbone Management LP now owns 420,000 shares of the transportation company’s stock worth $39,413,000 after purchasing an additional 70,000 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after purchasing an additional 413,322 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda increased its stake in shares of Copa by 16.4% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 417,764 shares of the transportation company’s stock worth $39,763,000 after purchasing an additional 58,846 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Copa currently has an average rating of “Buy” and a consensus target price of $153.29.

Copa Price Performance

Shares of NYSE CPA opened at $93.74 on Wednesday. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The company’s 50-day moving average is $90.21 and its 200 day moving average is $92.17. The stock has a market capitalization of $3.94 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.68 and a beta of 1.44.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a net margin of 18.20% and a return on equity of 28.46%. The business had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same quarter in the previous year, the firm posted $4.39 earnings per share. Copa’s quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts expect that Copa Holdings, S.A. will post 14.44 earnings per share for the current year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 6.87%. Copa’s dividend payout ratio (DPR) is 42.59%.

Copa Company 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.