Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lowered its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 68.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,693 shares of the transportation company's stock after selling 111,985 shares during the quarter. Cullen Capital Management LLC owned 0.13% of Copa worth $4,631,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in shares of Copa by 147.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock worth $87,000 after purchasing an additional 591 shares in the last quarter. Optimist Retirement Group LLC purchased a new position in shares of Copa in the third quarter valued at approximately $240,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after acquiring an additional 521 shares during the last quarter. SG Americas Securities LLC increased 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 purchasing an additional 1,288 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new position in Copa in the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Trading Down 5.1 %

Shares of NYSE:CPA traded down $4.55 during midday trading on Thursday, reaching $84.71. 142,195 shares of the company's stock were exchanged, compared to its average volume of 323,579. The firm's 50 day simple moving average is $92.74 and its two-hundred day simple moving average is $93.34. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 5.82, a P/E/G ratio of 0.87 and a beta of 1.11.

Remove Ads

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.61 dividend. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 7.60%. Copa's dividend payout ratio is presently 44.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPA shares. StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Cowen restated a "buy" rating on shares of Copa in a report on Tuesday, February 18th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $153.29.

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.