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

Signet Financial Management LLC trimmed its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,306 shares of the transportation company’s stock after selling 775 shares during the quarter. Signet Financial Management LLC’s holdings in Copa were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CPA. Coronation Fund Managers Ltd. raised its position in Copa by 60.3% during the second quarter. Coronation Fund Managers Ltd. now owns 4,430 shares of the transportation company’s stock worth $422,000 after acquiring an additional 1,667 shares during the period. Bank of New York Mellon Corp raised its position in shares of Copa by 15.1% during 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 during the last quarter. Rhumbline Advisers lifted its stake in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after buying an additional 1,380 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Copa by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock worth $78,950,000 after buying an additional 65,525 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Copa by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock worth $82,990,000 after buying an additional 16,100 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

CPA has been the topic of several research reports. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. UBS Group raised their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $153.29.

Copa Stock Performance

Shares of Copa stock opened at $88.40 on Tuesday. The business’s 50 day moving average price is $92.08 and its 200 day moving average price is $92.33. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.72 and a beta of 1.44. 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 Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. Copa had a return on equity of 28.46% and a net margin of 18.20%. The business had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. During the same quarter in the previous year, the firm earned $4.39 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that Copa Holdings, S.A. will post 14.48 EPS for the current year.

Copa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.29%. Copa’s dividend payout ratio is currently 42.59%.

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.