Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 65.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,319 shares of the transportation company’s stock after selling 8,075 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Copa were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CPA. VELA Investment Management LLC increased its stake in shares of Copa by 1.4% during the third quarter. VELA Investment Management LLC now owns 13,959 shares of the transportation company’s stock worth $1,244,000 after buying an additional 195 shares during the period. Cable Hill Partners LLC raised its holdings in shares of Copa by 9.3% in the 3rd quarter. Cable Hill Partners LLC now owns 3,332 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 283 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Copa by 18.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,602 shares of the transportation company’s stock worth $321,000 after purchasing an additional 551 shares during the last quarter. Bailard Inc. grew its stake in shares of Copa by 21.2% during the third quarter. Bailard Inc. now owns 4,000 shares of the transportation company’s stock worth $356,000 after purchasing an additional 700 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Copa by 19.0% in the third quarter. Handelsbanken Fonder AB now owns 5,000 shares of the transportation company’s stock valued at $446,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Trading Up 1.1 %

NYSE CPA opened at $99.14 on Friday. The firm’s fifty day moving average price is $100.88 and its 200 day moving average price is $96.66. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $121.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.94 and a quick ratio of 0.86. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.57. Copa had a net margin of 14.97% and a return on equity of 37.03%. The company had revenue of $916.93 million during the quarter, compared to the consensus estimate of $886.13 million. During the same quarter in the prior year, the firm posted $4.49 earnings per share. Copa’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Copa Holdings, S.A. will post 16.15 earnings per share for the current fiscal year.

Copa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $1.61 per share. This is a positive change from Copa’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.44 annualized dividend and a yield of 6.50%. Copa’s payout ratio is 50.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a report on Monday, February 12th.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.