Banco BTG Pactual S.A. Sells 17,170 Shares of Copa Holdings, S.A. (NYSE:CPA)

Banco BTG Pactual S.A. lowered its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,000 shares of the transportation company’s stock after selling 17,170 shares during the quarter. Copa accounts for approximately 2.0% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 11th biggest holding. Banco BTG Pactual S.A.’s holdings in Copa were worth $8,742,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Carrhae Capital LLP raised its position in shares of Copa by 26.3% during the 4th quarter. Carrhae Capital LLP now owns 701,867 shares of the transportation company’s stock valued at $61,680,000 after buying an additional 145,967 shares in the last quarter. LPL Financial LLC raised its position in Copa by 4.3% during the fourth quarter. LPL Financial LLC now owns 3,204 shares of the transportation company’s stock valued at $282,000 after purchasing an additional 132 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Copa by 14.1% in the 4th quarter. Sei Investments Co. now owns 465,210 shares of the transportation company’s stock worth $40,883,000 after purchasing an additional 57,405 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Copa during the 4th quarter valued at about $289,000. Finally, Privium Fund Management UK Ltd raised its holdings in shares of Copa by 2.6% during the 4th quarter. Privium Fund Management UK Ltd now owns 7,114 shares of the transportation company’s stock valued at $624,000 after buying an additional 178 shares in the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Trading Up 1.1 %

Shares of NYSE CPA opened at $96.40 on Wednesday. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $93.43 and a two-hundred day simple moving average of $93.36. The firm has a market cap of $4.05 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42.

Copa (NYSE:CPA) last announced its earnings results 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 return on equity of 26.70% and a net margin of 17.67%. Analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.61 per share. The ex-dividend date was Friday, February 28th. This represents a $6.44 annualized dividend and a dividend yield of 6.68%. Copa’s payout ratio is currently 44.23%.

Analyst Ratings Changes

A number of brokerages recently commented on CPA. UBS Group lifted their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Cowen reiterated a “buy” rating on shares of Copa in a report on Tuesday, February 18th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.