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

Polen Capital Management LLC lessened its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 24.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,293 shares of the transportation company’s stock after selling 2,335 shares during the quarter. Polen Capital Management LLC’s holdings in Copa were worth $641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Copa during the fourth quarter valued at approximately $46,433,000. Cape Ann Asset Management Ltd bought a new stake in shares of Copa in the 4th quarter worth $20,195,000. Point72 Asset Management L.P. acquired a new stake in shares of Copa in the third quarter valued at $14,094,000. Public Employees Retirement System of Ohio bought a new position in Copa during the third quarter valued at about $9,764,000. Finally, Two Sigma Advisers LP grew its holdings in Copa by 250.1% during the third quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock worth $12,059,000 after acquiring an additional 91,805 shares during the period. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of NYSE:CPA opened at $94.34 on Tuesday. The company’s fifty day moving average is $92.78 and its two-hundred day moving average is $93.12. The company has a market cap of $3.97 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-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.

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, topping 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%. Equities 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. Investors of record on Friday, February 28th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Friday, February 28th. Copa’s payout ratio is presently 44.23%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CPA shares. Cowen reissued a “buy” rating on shares of Copa in a report on Tuesday, February 18th. UBS Group raised their target price on shares of Copa from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. One 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 company’s stock. According to MarketBeat, the company has an average 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.