Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Bailard Inc.

Bailard Inc. lifted its stake in Copa Holdings, S.A. (NYSE:CPA) by 55.0% in the fourth quarter, HoldingsChannel reports. The firm owned 6,200 shares of the transportation company’s stock after purchasing an additional 2,200 shares during the period. Bailard Inc.’s holdings in Copa were worth $659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VELA Investment Management LLC boosted its holdings in shares of Copa by 1.4% in the third quarter. VELA Investment Management LLC now owns 13,959 shares of the transportation company’s stock worth $1,244,000 after buying an additional 195 shares during the period. Cable Hill Partners LLC boosted its stake in Copa by 9.3% in the 3rd quarter. Cable Hill Partners LLC now owns 3,332 shares of the transportation company’s stock worth $297,000 after purchasing an additional 283 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Copa by 18.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,602 shares of the transportation company’s stock worth $321,000 after purchasing an additional 551 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Copa by 19.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 5,000 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 800 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Copa by 1,778.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after buying an additional 907 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Trading Down 0.2 %

NYSE CPA opened at $98.90 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. Copa Holdings, S.A. has a 1-year low of $78.12 and a 1-year high of $121.20. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $100.88 and its 200-day simple moving average is $96.76.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $4.49 EPS. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 16.15 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm 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 represents a $6.44 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Copa’s previous quarterly dividend of $0.82. Copa’s dividend payout ratio (DPR) is presently 50.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Monday, February 12th.

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.