Copa Holdings, S.A. (NYSE:CPA) Shares Sold by 1492 Capital Management LLC

1492 Capital Management LLC reduced its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,638 shares of the transportation company's stock after selling 3,334 shares during the quarter. Copa comprises about 2.4% of 1492 Capital Management LLC's portfolio, making the stock its 13th biggest position. 1492 Capital Management LLC owned 0.14% of Copa worth $5,065,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock valued at $231,002,000 after purchasing an additional 11,300 shares in the last quarter. FMR LLC boosted its position in Copa by 18.1% during the fourth 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. Carrhae Capital LLP raised its holdings in Copa by 26.3% in the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock worth $61,680,000 after purchasing an additional 145,967 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock worth $49,380,000 after purchasing an additional 44,298 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Copa during the fourth quarter valued at about $46,433,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CPA shares. UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cowen reiterated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $153.29.

Copa Price Performance

CPA stock traded up $0.14 during mid-day trading on Wednesday, reaching $87.17. The company's stock had a trading volume of 188,614 shares, compared to its average volume of 304,403. The stock has a market cap of $3.66 billion, a PE ratio of 5.99, a P/E/G ratio of 0.87 and a beta of 1.11. The company's 50 day moving average is $92.04 and its two-hundred day moving average is $92.95. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results 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 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 EPS for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 7.39%. Copa's dividend payout ratio (DPR) is 44.23%.

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.