Banco BTG Pactual S.A. Sells 17,170 Shares of Copa Holdings, S.A. (NYSE:CPA)

Banco BTG Pactual S.A. lessened its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,000 shares of the transportation company's stock after selling 17,170 shares during the quarter. Copa accounts for approximately 2.0% of Banco BTG Pactual S.A.'s investment portfolio, making the stock its 11th biggest position. Banco BTG Pactual S.A. owned about 0.24% of Copa worth $8,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in Copa by 12.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,768 shares of the transportation company's stock worth $1,198,000 after buying an additional 1,369 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Copa by 153.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,693 shares of the transportation company's stock worth $2,036,000 after purchasing an additional 13,136 shares in the last quarter. Bell Investment Advisors Inc grew its stake in shares of Copa by 29.6% in 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. Hyperion Capital Advisors LP bought a new stake in Copa in the 3rd quarter valued at about $282,000. Finally, PEAK6 Investments LLC acquired a new position in Copa during the 3rd quarter worth approximately $518,000. 70.09% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPA. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group raised their target price on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, Cowen reiterated a "buy" rating on shares of Copa in a research note on Tuesday, February 18th. One research 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 data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $153.29.

Copa Price Performance

Shares of CPA stock traded down $1.28 during trading on Friday, hitting $94.25. The company had a trading volume of 261,860 shares, compared to its average volume of 297,411. The stock's 50-day moving average is $93.70 and its two-hundred day moving average is $93.51. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. 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 $114.00.

Copa (NYSE:CPA - Get Free Report) last announced 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 net margin of 17.67% and a return on equity of 26.70%. As a group, 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date was Friday, February 28th. Copa's payout ratio is currently 44.23%.

Copa Company 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.