Hosking Partners LLP Cuts Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Hosking Partners LLP trimmed its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,514 shares of the transportation company’s stock after selling 13,635 shares during the period. Hosking Partners LLP’s holdings in Copa were worth $6,197,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. VELA Investment Management LLC raised its stake in shares of Copa by 14.1% during the third quarter. VELA Investment Management LLC now owns 32,371 shares of the transportation company’s stock worth $3,038,000 after acquiring an additional 3,995 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Copa in the 3rd quarter worth $611,000. Apollon Wealth Management LLC bought a new stake in Copa in the third quarter worth $457,000. GSA Capital Partners LLP boosted its position in Copa by 240.5% during the third 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 period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Copa by 15.5% during the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company’s stock valued at $3,542,000 after buying an additional 5,054 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

CPA opened at $92.50 on Friday. The stock’s 50 day moving average price is $91.41 and its 200-day moving average price is $92.77. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The stock has a market capitalization of $3.89 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, equities research analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Friday, February 28th. Copa’s payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPA. StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group boosted their price objective on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Cowen restated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Copa presently has a consensus rating of “Buy” and an average price target of $153.29.

Copa Company 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.