Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Amundi

Amundi lessened its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,426 shares of the transportation company's stock after selling 30,937 shares during the period. Amundi owned approximately 0.13% of Copa worth $4,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CPA. Bell Investment Advisors Inc raised its holdings in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after buying an additional 143 shares during the period. Point72 Hong Kong Ltd purchased a new position in Copa during the 3rd quarter valued at $82,000. Steward Partners Investment Advisory LLC grew its position in Copa by 24.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after acquiring an additional 521 shares during the last quarter. SG Americas Securities LLC increased its stake in Copa by 90.0% in the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares during the period. Finally, Optimist Retirement Group LLC bought a new stake in shares of Copa during the third quarter worth $240,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

CPA has been the topic of a number of recent research reports. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Cowen reissued a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Copa currently has an average rating of "Buy" and a consensus price target of $153.29.

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Copa Price Performance

Shares of NYSE CPA traded up $1.75 during mid-day trading on Wednesday, reaching $95.41. The company's stock had a trading volume of 207,452 shares, compared to its average volume of 321,011. The stock has a market capitalization of $4.01 billion, a P/E ratio of 6.55, a P/E/G ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The stock has a 50-day moving average of $92.85 and a two-hundred day moving average of $93.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping analysts' consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. On average, equities research analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.75%. Copa's dividend payout ratio is currently 44.23%.

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.