3,285 Shares in Copa Holdings, S.A. (NYSE:CPA) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,285 shares of the transportation company's stock, valued at approximately $289,000.

A number of other hedge funds have also recently added to or reduced their stakes in CPA. Raymond James Financial Inc. purchased a new position in shares of Copa during the 4th quarter valued at approximately $46,433,000. Cape Ann Asset Management Ltd purchased a new position in Copa during the fourth quarter valued at $20,195,000. Point72 Asset Management L.P. acquired a new stake in shares of Copa in the third quarter valued at about $14,094,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Copa during the third quarter worth about $9,764,000. Finally, Two Sigma Advisers LP raised its position in shares of Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company's stock worth $12,059,000 after purchasing an additional 91,805 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Down 2.0 %

NYSE:CPA traded down $1.87 on Monday, hitting $92.29. The stock had a trading volume of 95,113 shares, compared to its average volume of 306,092. The company has a fifty day moving average price of $93.70 and a two-hundred day moving average price of $93.55. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.87 and a beta of 1.42.

Remove Ads

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 EPS for the quarter, beating 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%. Equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The firm also recently disclosed 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. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date was Friday, February 28th. Copa's payout ratio is 44.23%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CPA. StockNews.com cut Copa from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cowen reiterated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. Finally, UBS Group increased their price objective on Copa from $160.00 to $180.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Copa has a consensus rating of "Buy" and an average target price 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.