Landscape Capital Management L.L.C. Sells 37,886 Shares of Copa Holdings, S.A. (NYSE:CPA)

Landscape Capital Management L.L.C. lessened its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 81.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,857 shares of the transportation company’s stock after selling 37,886 shares during the period. Landscape Capital Management L.L.C.’s holdings in Copa were worth $778,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Copa in the 3rd quarter valued at approximately $9,764,000. TT International Asset Management LTD acquired a new stake in Copa in the third quarter valued at $4,723,000. Assenagon Asset Management S.A. bought a new position in shares of Copa in the 4th quarter valued at about $1,438,000. Two Sigma Advisers LP increased its stake in shares of Copa by 250.1% during the 3rd quarter. Two Sigma Advisers LP now owns 128,505 shares of the transportation company’s stock worth $12,059,000 after purchasing an additional 91,805 shares during the last quarter. Finally, Barclays PLC lifted its stake in Copa by 44.2% in the 3rd quarter. Barclays PLC now owns 24,721 shares of the transportation company’s stock valued at $2,319,000 after purchasing an additional 7,576 shares during the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPA shares. Cowen reissued a “buy” rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group increased their price target on Copa from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $153.29.

Copa Stock Performance

Shares of NYSE CPA opened at $86.95 on Friday. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.10 and a quick ratio of 0.99. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 0.87 and a beta of 1.11. The stock’s fifty day moving average price is $93.52 and its two-hundred day moving average price is $93.56.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share for the quarter, topping the consensus estimate of $3.84 by $0.15. Copa had a net margin of 17.67% and a return on equity of 26.70%. On average, equities analysts forecast that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The business also recently declared 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 7.41%. The ex-dividend date was Friday, February 28th. Copa’s dividend payout ratio is currently 44.23%.

Copa Profile

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.