Two Sigma Investments LP Sells 22,113 Shares of Copa Holdings, S.A. (NYSE:CPA)

Two Sigma Investments LP lowered its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,968 shares of the transportation company's stock after selling 22,113 shares during the period. Two Sigma Investments LP owned approximately 0.40% of Copa worth $14,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CPA. Assenagon Asset Management S.A. purchased a new stake in Copa in the 4th quarter valued at about $1,438,000. Barclays PLC raised its stake in shares of Copa by 44.2% during the third 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. Bridgewater Associates LP purchased a new stake in shares of Copa in the fourth quarter valued at approximately $961,000. Invesco Ltd. grew its stake in Copa by 37.1% in the fourth quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock worth $1,079,000 after purchasing an additional 3,320 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Copa by 12.9% in the fourth quarter. Marshall Wace LLP now owns 178,127 shares of the transportation company's stock worth $15,654,000 after purchasing an additional 20,324 shares in the last quarter. Institutional investors own 70.09% of the company's stock.

Copa Stock Performance

Shares of CPA stock opened at $104.60 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of 7.18, a PEG ratio of 0.87 and a beta of 1.26. The firm has a fifty day moving average price of $93.23 and a 200 day moving average price of $92.82. 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 Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $107.71.

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

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.61 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.16%. Copa's dividend payout ratio is presently 43.96%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Cowen restated a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen lowered shares of Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. 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 has a consensus rating of "Moderate Buy" and an average price target of $150.83.

Copa 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.

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