XTX Topco Ltd Reduces Stock Position in Copa Holdings, S.A. (NYSE:CPA)

XTX Topco Ltd trimmed its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 72.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,439 shares of the transportation company's stock after selling 6,542 shares during the quarter. XTX Topco Ltd's holdings in Copa were worth $229,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CPA. Coronation Fund Managers Ltd. grew its holdings in shares of Copa by 60.3% during the second quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company's stock valued at $422,000 after buying an additional 1,667 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Copa by 17.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 107,124 shares of the transportation company's stock valued at $10,196,000 after purchasing an additional 16,238 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Copa by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company's stock worth $413,000 after purchasing an additional 569 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Copa by 24.6% in the second quarter. Aptus Capital Advisors LLC now owns 32,688 shares of the transportation company's stock worth $3,111,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock valued at $132,000 after purchasing an additional 1,380 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Trading Up 0.3 %

CPA stock traded up $0.27 during midday trading on Friday, reaching $88.87. 298,375 shares of the company traded hands, compared to its average volume of 294,570. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 5.88, a P/E/G ratio of 0.72 and a beta of 1.45. 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 $95.84 and a 200-day moving average of $93.30. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 1.09.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. Copa's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.39 EPS. As a group, sell-side analysts expect that Copa Holdings, S.A. will post 14.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.25%. Copa's dividend payout ratio (DPR) is presently 42.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. lowered their target price on Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $148.83.

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.