Capital Fund Management S.A. Decreases Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Capital Fund Management S.A. decreased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,507 shares of the transportation company’s stock after selling 1,870 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of Copa worth $3,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Copa in the fourth quarter valued at approximately $46,433,000. Invesco Ltd. increased its position in shares of Copa by 37.1% in the 4th quarter. Invesco Ltd. now owns 12,276 shares of the transportation company’s stock valued at $1,079,000 after purchasing an additional 3,320 shares during the last quarter. FMR LLC raised its holdings in shares of Copa by 18.1% in the 4th quarter. FMR LLC now owns 1,503,772 shares of the transportation company’s stock valued at $132,151,000 after purchasing an additional 230,653 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Copa by 3.2% during the 4th quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company’s stock worth $1,103,000 after purchasing an additional 393 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Copa during the fourth quarter worth $225,000. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Up 2.9 %

Copa stock opened at $87.09 on Monday. The company has a market capitalization of $3.66 billion, a P/E ratio of 5.98, a PEG ratio of 0.87 and a beta of 1.11. 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 fifty-two week low of $80.01 and a fifty-two week high of $114.00. The stock has a 50-day simple moving average of $92.55 and a 200-day simple moving average of $93.26.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating 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%. Equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The firm also recently disclosed 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. This represents a $6.44 annualized dividend and a yield of 7.39%. The ex-dividend date was Friday, February 28th. Copa’s payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CPA shares. Cowen restated a “buy” rating on shares of Copa in a research note on Tuesday, February 18th. UBS Group boosted 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 downgraded Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. 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.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.