Copa Holdings, S.A. (NYSE:CPA) Short Interest Update

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 550,700 shares, a decrease of 6.1% from the March 31st total of 586,700 shares. Approximately 1.8% of the company's stock are short sold. Based on an average daily trading volume, of 259,800 shares, the days-to-cover ratio is presently 2.1 days.

Copa Stock Down 3.0 %

CPA stock traded down $2.98 during trading on Tuesday, hitting $95.55. 214,985 shares of the stock traded hands, compared to its average volume of 276,330. The firm's 50 day moving average is $100.87 and its two-hundred day moving average is $97.01. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39. Copa has a 1 year low of $78.12 and a 1 year high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.94 and a quick ratio of 0.86.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 earnings per share for the quarter, topping analysts' consensus estimates of $3.90 by $0.57. The company had revenue of $916.93 million during the quarter, compared to analyst estimates of $886.13 million. Copa had a net margin of 14.97% and a return on equity of 37.03%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.49 EPS. On average, sell-side analysts anticipate that Copa will post 16.15 EPS for the current year.

Copa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.61 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.74%. This is a boost from Copa's previous quarterly dividend of $0.82. Copa's dividend payout ratio is currently 50.39%.

Institutional Trading of Copa

Large investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its position in Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company's stock worth $81,000 after purchasing an additional 102 shares during the period. VELA Investment Management LLC boosted its position in Copa by 1.4% in the third quarter. VELA Investment Management LLC now owns 13,959 shares of the transportation company's stock worth $1,244,000 after purchasing an additional 195 shares during the last quarter. Cable Hill Partners LLC grew its stake in shares of Copa by 9.3% during the 3rd quarter. Cable Hill Partners LLC now owns 3,332 shares of the transportation company's stock valued at $297,000 after purchasing an additional 283 shares during the period. TFO Wealth Partners LLC increased its position in shares of Copa by 34,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company's stock valued at $37,000 after purchasing an additional 343 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of Copa in the 4th quarter worth approximately $47,000. 70.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Monday, February 12th.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.