XTX Topco Ltd Grows Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

XTX Topco Ltd lifted its position in Copa Holdings, S.A. (NYSE:CPA) by 74.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,981 shares of the transportation company’s stock after buying an additional 3,842 shares during the quarter. XTX Topco Ltd’s holdings in Copa were worth $855,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Copa by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 687,771 shares of the transportation company’s stock worth $73,119,000 after purchasing an additional 38,326 shares during the period. Hsbc Holdings PLC increased its stake in Copa by 2.4% during the 4th quarter. Hsbc Holdings PLC now owns 78,135 shares of the transportation company’s stock worth $8,321,000 after buying an additional 1,799 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Copa by 45.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,858 shares of the transportation company’s stock worth $198,000 after buying an additional 584 shares in the last quarter. TFO Wealth Partners LLC boosted its position in Copa by 34,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 344 shares of the transportation company’s stock valued at $37,000 after buying an additional 343 shares during the period. Finally, Letko Brosseau & Associates Inc. grew its stake in shares of Copa by 0.4% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 192,175 shares of the transportation company’s stock worth $20,430,000 after acquiring an additional 725 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CPA shares. TD Cowen decreased their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, Evercore ISI lowered their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $148.83.

Copa Stock Performance

Shares of CPA opened at $91.53 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a 52-week low of $78.12 and a 52-week high of $114.00. The stock has a 50 day moving average price of $89.49 and a 200 day moving average price of $96.12. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.55 and a beta of 1.48.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.77 by $0.11. Copa had a net margin of 19.31% and a return on equity of 30.81%. The firm had revenue of $819.40 million for the quarter, compared to analyst estimates of $838.13 million. During the same period last year, the business earned $3.92 EPS. Copa’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts predict that Copa Holdings, S.A. will post 14.53 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.61 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.04%. Copa’s dividend payout ratio (DPR) is presently 46.33%.

Copa Company Profile

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.