Ruffer LLP Makes New $6.74 Million Investment in Copa Holdings, S.A. (NYSE:CPA)

Ruffer LLP purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 76,658 shares of the transportation company’s stock, valued at approximately $6,737,000.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Copa during the third quarter worth approximately $9,764,000. CWA Asset Management Group LLC acquired a new stake in shares of Copa during the third quarter worth $611,000. Aptus Capital Advisors LLC boosted its holdings in shares of Copa by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock valued at $3,542,000 after acquiring an additional 5,054 shares in the last quarter. Fourth Sail Capital LP boosted its holdings in Copa by 45.0% in the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock valued at $14,731,000 after purchasing an additional 48,692 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new position in Copa in the third quarter worth $4,723,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copa Trading Down 2.7 %

NYSE:CPA opened at $93.89 on Friday. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The stock’s 50 day moving average price is $92.07 and its 200 day moving average price is $93.00. The company has a market capitalization of $3.95 billion, a P/E ratio of 6.45, a P/E/G ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced its quarterly earnings data 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 net margin of 17.67% and a return on equity of 26.70%. On average, research analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.86%. Copa’s payout ratio 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.