Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP cut its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,000 shares of the transportation company's stock after selling 15,914 shares during the period. Hudson Bay Capital Management LP owned 0.06% of Copa worth $2,373,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CPA. Barclays PLC lifted its holdings in Copa by 44.2% in 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 during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Copa during the fourth quarter worth $1,438,000. Carolina Wealth Advisors LLC boosted its position in shares of Copa by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock worth $563,000 after buying an additional 166 shares during the period. SG Americas Securities LLC boosted its position 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 during the period. Finally, Oldfield Partners LLP boosted its position in shares of Copa by 12.2% during the fourth quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company's stock worth $1,371,000 after buying an additional 1,700 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Up 0.6%

NYSE:CPA traded up $0.61 during midday trading on Friday, reaching $102.96. The company had a trading volume of 259,034 shares, compared to its average volume of 306,263. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $110.54. 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 firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.87 and a beta of 1.26. The stock's fifty day simple moving average is $92.37 and its 200-day simple moving average is $92.66.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share 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 for the quarter, compared to analysts' expectations of $888.82 million. During the same period last year, the firm earned $4.19 earnings per share. Copa's quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Friday, May 30th. Copa's dividend payout ratio is presently 43.96%.

Analysts Set New Price Targets

CPA has been the subject of several research analyst reports. Cowen restated a "buy" rating on shares of Copa in a research report on Wednesday. StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $153.29.

About Copa

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.