Artisan Partners Limited Partnership Trims Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Artisan Partners Limited Partnership cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,976 shares of the transportation company’s stock after selling 41,162 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.40% of Copa worth $14,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CPA. Point72 Hong Kong Ltd bought a new stake in shares of Copa in the third quarter worth $82,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 591 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after purchasing an additional 521 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company’s stock worth $239,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new stake in Copa in the third quarter valued at about $240,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPA has been the topic of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Copa in a report on Tuesday, February 18th. UBS Group lifted 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 report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Down 1.3 %

CPA stock opened at $94.25 on Friday. The stock has a market cap of $3.96 billion, a PE ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The firm’s 50-day simple moving average is $93.70 and its 200 day simple moving average is $93.45. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. 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 announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. As a group, sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. Copa’s dividend payout ratio (DPR) is presently 44.23%.

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.