Copa Holdings, S.A. (NYSE:CPA) Short Interest Update

Copa Holdings, S.A. (NYSE:CPA) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 550,700 shares, a decline of 6.1% from the March 31st total of 586,700 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 259,800 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On Copa

A number of institutional investors and hedge funds have recently made changes to their positions in CPA. FMR LLC raised its position in shares of Copa by 16.8% during the third quarter. FMR LLC now owns 2,401,935 shares of the transportation company’s stock worth $214,060,000 after acquiring an additional 345,757 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Copa by 7.5% in the third quarter. Baillie Gifford & Co. now owns 3,848,117 shares of the transportation company’s stock valued at $342,944,000 after purchasing an additional 267,373 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its holdings in Copa by 3,647.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 261,319 shares of the transportation company’s stock valued at $23,289,000 after purchasing an additional 254,345 shares during the last quarter. Capital World Investors increased its holdings in Copa by 5.9% in the fourth quarter. Capital World Investors now owns 3,923,752 shares of the transportation company’s stock valued at $417,134,000 after purchasing an additional 218,236 shares during the last quarter. Finally, Truxt Investmentos Ltda. bought a new stake in Copa in the third quarter valued at about $9,246,000. Institutional investors own 70.09% of the company’s stock.

Copa Trading Down 0.4 %

CPA stock opened at $98.56 on Tuesday. The company has a market cap of $3.88 billion, a P/E ratio of 7.71, a PEG ratio of 0.35 and a beta of 1.39. Copa has a twelve month low of $78.12 and a twelve month high of $121.20. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $100.87 and a 200-day moving average of $97.01.

Copa (NYSE:CPA) last released its earnings results on Wednesday, February 7th. The transportation company reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.57. The company had revenue of $916.93 million during the quarter, compared to the consensus estimate of $886.13 million. Copa had a return on equity of 37.03% and a net margin of 14.97%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.49 earnings per share. As a group, equities research analysts expect that Copa will post 16.15 EPS for the current year.

Copa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $1.61 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.53%. This is an increase from Copa’s previous quarterly dividend of $0.82. Copa’s payout ratio is presently 50.39%.

Analyst Ratings Changes

Separately, StockNews.com lowered Copa from a “buy” rating to a “hold” rating in a research note 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.