PDT Partners LLC Has $1.86 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

PDT Partners LLC lessened its stake in Copa Holdings, S.A. (NYSE:CPA) by 44.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,184 shares of the transportation company’s stock after selling 17,164 shares during the quarter. PDT Partners LLC owned about 0.05% of Copa worth $1,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Copa by 147.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 591 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Copa during the fourth quarter worth about $225,000. Steward Partners Investment Advisory LLC grew its holdings 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 grew its holdings 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 shares of Copa during the third quarter worth about $240,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Down 0.4 %

Copa stock opened at $91.73 on Wednesday. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The stock has a market cap of $3.86 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. The firm’s 50-day simple moving average is $91.30 and its 200 day simple moving average is $92.80. 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 (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 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%. Research analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 7.02%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio is 44.23%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPA. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Cowen restated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group increased their price objective 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 research 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $153.29.

Copa Company 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.