Landscape Capital Management L.L.C. Trims Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Landscape Capital Management L.L.C. decreased its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,857 shares of the transportation company's stock after selling 37,886 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Copa were worth $778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPA. JPMorgan Chase & Co. increased its holdings in shares of Copa by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,628,609 shares of the transportation company's stock valued at $231,002,000 after purchasing an additional 11,300 shares in the last quarter. Carrhae Capital LLP grew its position in Copa by 26.3% during the fourth quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company's stock worth $61,680,000 after buying an additional 145,967 shares during the period. Brandes Investment Partners LP increased its holdings in Copa by 8.6% in the fourth quarter. Brandes Investment Partners LP now owns 561,901 shares of the transportation company's stock valued at $49,380,000 after buying an additional 44,298 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Copa during the 4th quarter valued at approximately $46,433,000. Finally, Marathon Asset Management Ltd boosted its stake in shares of Copa by 1.3% during the 4th quarter. Marathon Asset Management Ltd now owns 521,402 shares of the transportation company's stock worth $45,821,000 after acquiring an additional 6,723 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

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Copa Price Performance

Shares of NYSE:CPA traded up $2.45 on Friday, hitting $87.09. The company had a trading volume of 257,011 shares, compared to its average volume of 306,041. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.66 billion, a PE ratio of 5.98, a PEG ratio of 0.87 and a beta of 1.11. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The business has a 50 day moving average of $92.55 and a 200 day moving average of $93.26.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, beating 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, equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 7.39%. Copa's dividend payout ratio (DPR) is currently 44.23%.

Wall Street Analyst Weigh In

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

About Copa

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.