Two Sigma Investments LP Has $14.85 Million Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Silvercrest Asset Management Group LLC boosted its position in shares of Copa by 1.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after buying an additional 169 shares during the period. Quantinno Capital Management LP boosted its position in shares of Copa by 8.4% during the fourth quarter. Quantinno Capital Management LP now owns 5,658 shares of the transportation company's stock worth $497,000 after buying an additional 439 shares during the period. Millennium Management LLC boosted its position in shares of Copa by 1,279.2% during the fourth quarter. Millennium Management LLC now owns 324,235 shares of the transportation company's stock worth $28,494,000 after buying an additional 300,726 shares during the period. Letko Brosseau & Associates Inc. boosted its position in shares of Copa by 1.2% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 184,750 shares of the transportation company's stock worth $16,236,000 after buying an additional 2,175 shares during the period. Finally, Invenomic Capital Management LP boosted its position in shares of Copa by 98.2% during the fourth quarter. Invenomic Capital Management LP now owns 75,220 shares of the transportation company's stock worth $6,610,000 after buying an additional 37,278 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPA has been the topic of several recent analyst reports. Cowen reissued a "buy" rating on shares of Copa in a report on Wednesday, May 14th. Wall Street Zen cut Copa from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.00.

Copa Stock Performance

CPA stock traded up $0.95 during mid-day trading on Wednesday, reaching $109.62. 87,040 shares of the stock traded hands, compared to its average volume of 309,983. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $109.72. The business has a 50-day moving average of $93.99 and a two-hundred day moving average of $93.00. The firm has a market capitalization of $4.51 billion, a PE ratio of 7.51, a P/E/G ratio of 0.87 and a beta of 1.26.

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

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 5.88%. The ex-dividend date of this dividend is Friday, May 30th. Copa's dividend payout ratio is currently 43.96%.

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.