Tudor Investment Corp ET AL Sells 15,673 Shares of Copa Holdings, S.A. (NYSE:CPA)

Tudor Investment Corp ET AL decreased its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,673 shares of the transportation company's stock after selling 15,673 shares during the period. Tudor Investment Corp ET AL's holdings in Copa were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CPA. LPL Financial LLC grew its position in Copa by 4.3% in the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after acquiring an additional 132 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in shares of Copa by 2.7% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company's stock valued at $563,000 after purchasing an additional 166 shares during the last quarter. Privium Fund Management UK Ltd increased its position in Copa by 2.6% during the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company's stock worth $624,000 after purchasing an additional 178 shares in the last quarter. Everstar Asset Management LLC lifted its stake 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 last quarter. Finally, Russell Investments Group Ltd. boosted its position in Copa by 3.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock valued at $1,103,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Stock Down 2.3 %

Shares of NYSE:CPA opened at $98.41 on Friday. The business has a fifty day simple moving average of $91.69 and a 200 day simple moving average of $92.61. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The firm has a market cap of $4.14 billion, a P/E ratio of 6.76, a P/E/G ratio of 0.87 and a beta of 1.26. 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 (NYSE:CPA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. The company had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a return on equity of 26.70% and a net margin of 17.67%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.19 earnings per share. Analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

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 paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Friday, May 30th. Copa's dividend payout ratio is presently 43.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Copa from a "hold" rating to a "buy" rating in a report on Friday. Cowen reaffirmed a "buy" rating on shares of Copa in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $153.29.

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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