Foundry Partners LLC Has $4.27 Million Stake in Copa Holdings, S.A. (NYSE:CPA)

Foundry Partners LLC boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,527 shares of the transportation company’s stock after buying an additional 2,946 shares during the quarter. Foundry Partners LLC’s holdings in Copa were worth $4,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock worth $87,000 after acquiring an additional 591 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% in the 4th 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 period. SG Americas Securities LLC boosted its stake in shares of Copa by 90.0% in the 4th 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. Optimist Retirement Group LLC acquired a new stake in shares of Copa during the third quarter worth $240,000. Finally, Retirement Planning Co of New England Inc. bought a new position in Copa during the fourth quarter worth $241,000. Institutional investors own 70.09% of the company’s stock.

Copa Stock Down 5.0 %

Shares of NYSE:CPA opened at $86.95 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The business’s 50 day simple moving average is $93.52 and its two-hundred day simple moving average is $93.53. The firm has a market cap of $3.66 billion, a P/E ratio of 5.97, a PEG ratio of 0.87 and a beta of 1.11.

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

Copa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 7.41%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s payout ratio is presently 44.23%.

Analyst Ratings Changes

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

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.