Two Sigma Advisers LP Grows Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Two Sigma Advisers LP boosted its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,900 shares of the transportation company's stock after purchasing an additional 58,395 shares during the period. Two Sigma Advisers LP owned about 0.44% of Copa worth $16,425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Copa in the fourth quarter worth about $225,000. Steward Partners Investment Advisory LLC lifted its position in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after buying an additional 521 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Copa by 90.0% in 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. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of Copa in the fourth quarter worth about $241,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Copa Stock Up 1.1%

Copa stock traded up $1.21 during mid-day trading on Tuesday, reaching $107.68. 261,030 shares of the company were exchanged, compared to its average volume of 318,540. The business has a fifty day moving average of $93.71 and a 200 day moving average of $92.89. 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 $4.43 billion, a P/E ratio of 7.40, a PEG ratio of 0.87 and a beta of 1.26. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $109.55.

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

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Friday, May 30th. Copa's payout ratio is 43.96%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Cowen reissued a "buy" rating on shares of Copa in a research note on Wednesday, May 14th. Wall Street Zen cut Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Copa has a consensus rating of "Moderate Buy" and an average target price of $153.00.

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.