Two Sigma Advisers LP Has $16.43 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Two Sigma Advisers LP raised its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.44% of Copa worth $16,425,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Copa by 4.3% in the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after purchasing an additional 132 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Copa by 1.1% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock valued at $1,411,000 after purchasing an additional 169 shares during the period. Privium Fund Management UK Ltd boosted its holdings in Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock valued at $624,000 after purchasing an additional 178 shares during the period. Everstar Asset Management LLC boosted its holdings in Copa by 5.3% in the 4th quarter. Everstar Asset Management LLC now owns 5,653 shares of the transportation company's stock valued at $497,000 after purchasing an additional 282 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Copa by 3.2% in the 4th quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock valued at $1,103,000 after purchasing an additional 393 shares during the period. 70.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CPA has been the subject of a number of research reports. Cowen reissued a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen cut shares of Copa from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Copa has an average rating of "Moderate Buy" and an average price target of $150.83.

Copa Price Performance

Shares of CPA stock traded up $1.73 during mid-day trading on Friday, reaching $106.51. The company's stock had a trading volume of 741,547 shares, compared to its average volume of 309,216. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $107.71. The company has a market cap of $4.39 billion, a P/E ratio of 7.32, a PEG ratio of 0.87 and a beta of 1.26. 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's 50-day moving average is $93.49 and its two-hundred day moving average is $92.86.

Copa (NYSE:CPA - Get Free Report) last announced 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. The company had revenue of $899.18 million during the quarter, compared to analysts' expectations of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.19 EPS. On average, research analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current 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 dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Friday, May 30th. Copa's dividend payout ratio (DPR) 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.