Russell Investments Group Ltd. Has $1.10 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Russell Investments Group Ltd. increased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,550 shares of the transportation company’s stock after acquiring an additional 393 shares during the quarter. Russell Investments Group Ltd.’s holdings in Copa were worth $1,103,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after buying an additional 591 shares during the period. Optimist Retirement Group LLC acquired a new position in Copa during the 3rd quarter worth $240,000. Envestnet Asset Management Inc. bought a new stake in Copa during the fourth quarter valued at about $225,000. Steward Partners Investment Advisory LLC grew its position in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 521 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock valued at $239,000 after purchasing an additional 1,288 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Price Performance

NYSE CPA opened at $87.66 on Tuesday. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The firm’s 50 day moving average is $92.20 and its 200-day moving average is $93.00. The company has a market capitalization of $3.69 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. Equities research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 7.35%. Copa’s dividend payout ratio (DPR) is currently 44.23%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group boosted their price objective on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $153.29.

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.