Amundi Reduces Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Amundi reduced its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,426 shares of the transportation company’s stock after selling 30,937 shares during the quarter. Amundi owned approximately 0.13% of Copa worth $4,864,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Apollon Wealth Management LLC purchased a new position in Copa in the third quarter valued at approximately $457,000. GSA Capital Partners LLP grew its position in shares of Copa by 240.5% in the 3rd quarter. GSA Capital Partners LLP now owns 10,375 shares of the transportation company’s stock valued at $974,000 after buying an additional 7,328 shares during the last quarter. Fourth Sail Capital LP raised its stake in Copa by 45.0% during the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company’s stock worth $14,731,000 after acquiring an additional 48,692 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Copa in the third quarter valued at $3,564,000. Finally, Landscape Capital Management L.L.C. lifted its position in Copa by 20.5% in the third quarter. Landscape Capital Management L.L.C. now owns 46,743 shares of the transportation company’s stock valued at $4,386,000 after acquiring an additional 7,948 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Trading Up 0.9 %

NYSE:CPA opened at $92.82 on Friday. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. 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 stock’s 50 day simple moving average is $92.67 and its 200-day simple moving average is $93.07. The firm has a market cap of $3.90 billion, a P/E ratio of 6.38, a PEG ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) 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%. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 EPS for the current 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 given a $1.61 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.94%. Copa’s payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPA. Cowen reiterated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group boosted 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 research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $153.29.

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.