Virtu Financial LLC Purchases Shares of 3,285 Copa Holdings, S.A. (NYSE:CPA)

Virtu Financial LLC acquired a new position in Copa Holdings, S.A. (NYSE:CPA) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,285 shares of the transportation company’s stock, valued at approximately $289,000.

Several other hedge funds have also modified their holdings of the company. Carolina Wealth Advisors LLC grew its holdings in shares of Copa by 2.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,408 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 166 shares in the last quarter. Privium Fund Management UK Ltd increased its holdings in shares of Copa by 2.6% in the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock worth $624,000 after buying an additional 178 shares during the last quarter. Legend Financial Advisors Inc. raised its position in shares of Copa by 5.6% during the 4th quarter. Legend Financial Advisors Inc. now owns 7,692 shares of the transportation company’s stock valued at $676,000 after buying an additional 406 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Copa by 10.3% in the 3rd quarter. Quantinno Capital Management LP now owns 5,219 shares of the transportation company’s stock valued at $490,000 after acquiring an additional 488 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company’s stock worth $236,000 after acquiring an additional 521 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Down 0.4 %

Shares of NYSE CPA opened at $95.61 on Friday. The business’s 50 day moving average price is $93.62 and its 200-day moving average price is $93.39. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 1.10. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.61 per share. 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 6.74%. Copa’s payout ratio is 44.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Cowen restated a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target 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.