Pictet Asset Management Holding SA Boosts Holdings in Copa Holdings, S.A. (NYSE:CPA)

Pictet Asset Management Holding SA increased its position in Copa Holdings, S.A. (NYSE:CPA) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,849 shares of the transportation company’s stock after purchasing an additional 18,292 shares during the quarter. Pictet Asset Management Holding SA owned 0.50% of Copa worth $18,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Copa in the 3rd quarter worth $9,764,000. TT International Asset Management LTD acquired a new position in shares of Copa in the third quarter worth about $4,723,000. Assenagon Asset Management S.A. purchased a new position in Copa in the fourth quarter valued at about $1,438,000. Two Sigma Advisers LP grew its stake in Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock valued at $12,059,000 after purchasing an additional 91,805 shares in the last quarter. Finally, Barclays PLC grew its stake in Copa by 44.2% during the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 7,576 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Price Performance

Shares of NYSE:CPA opened at $91.21 on Wednesday. The company has a market cap of $3.83 billion, a PE ratio of 6.26, a P/E/G ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a 50-day simple moving average of $93.69 and a 200 day simple moving average of $93.59. 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 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%. On average, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date was Friday, February 28th. Copa’s payout ratio is 44.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CPA shares. Cowen reiterated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group boosted their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $153.29.

Copa 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.