Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its position in Copa Holdings, S.A. (NYSE:CPA) by 31.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 103,701 shares of the transportation company’s stock after selling 46,496 shares during the period. Point72 Asset Management L.P.’s holdings in Copa were worth $9,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $87,000 after acquiring an additional 591 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Copa in the 4th quarter valued at $225,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Copa by 24.1% during 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 increased its position in shares of Copa by 90.0% during the 4th 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, Retirement Planning Co of New England Inc. purchased a new stake in Copa in the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CPA. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Cowen reaffirmed a “buy” rating on shares of Copa in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Copa has an average rating of “Moderate Buy” and a consensus target price of $150.83.

Copa Trading Up 0.6%

NYSE CPA opened at $102.96 on Monday. 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 firm has a market cap of $4.24 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.87 and a beta of 1.26. The firm has a 50 day simple moving average of $92.37 and a 200-day simple moving average of $92.58. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $110.00.

Copa (NYSE:CPA) last posted its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.51. The business had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.19 earnings per share. Equities research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Friday, May 30th. Copa’s dividend payout ratio is currently 43.96%.

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.