Millennium Management LLC raised its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 1,279.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 324,235 shares of the transportation company's stock after purchasing an additional 300,726 shares during the period. Millennium Management LLC owned approximately 0.77% of Copa worth $28,494,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock valued at $2,319,000 after acquiring an additional 7,576 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Copa during the fourth quarter worth about $1,438,000. 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 buying an additional 1,288 shares in the last quarter. Oldfield Partners LLP raised its position in Copa by 12.2% in the 4th quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company's stock valued at $1,371,000 after buying an additional 1,700 shares during the last quarter. Finally, Kestra Investment Management LLC lifted its stake in Copa by 119.3% in the 4th quarter. Kestra Investment Management LLC now owns 18,568 shares of the transportation company's stock valued at $1,632,000 after acquiring an additional 10,100 shares in the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.
Copa Price Performance
Shares of CPA opened at $104.22 on Tuesday. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company's fifty day simple moving average is $92.61 and its 200 day simple moving average is $92.62. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $110.00.
Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.51. Copa had a return on equity of 26.70% and a net margin of 17.67%. The company had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. During the same period last year, the firm posted $4.19 earnings per share. The business's revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.
Copa Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.18%. Copa's dividend payout ratio (DPR) is currently 43.96%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on CPA. Cowen reiterated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $150.83.
Check Out Our Latest Stock Report on Copa
About Copa
(
Free Report)
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.
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