Copa Holdings, S.A. (NYSE:CPA) Short Interest Down 6.1% in April

Copa Holdings, S.A. (NYSE:CPA) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 550,700 shares, a drop of 6.1% from the March 31st total of 586,700 shares. Based on an average daily volume of 259,800 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company’s shares are short sold.

Copa Stock Performance

Shares of NYSE:CPA opened at $97.29 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. Copa has a 12 month low of $78.12 and a 12 month high of $121.20. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.35 and a beta of 1.39. The firm’s 50-day moving average is $100.80 and its 200 day moving average is $97.09.

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

Copa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $1.61 dividend. 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 dividend on an annualized basis and a yield of 6.62%. Copa’s dividend payout ratio (DPR) is presently 50.39%.

Institutional Trading of Copa

Large investors have recently made changes to their positions in the stock. TFO Wealth Partners LLC lifted its holdings in Copa by 34,300.0% during 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 in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Copa during the fourth quarter valued at approximately $47,000. Hexagon Capital Partners LLC raised its stake in shares of Copa by 224.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 674 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Copa by 1,778.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 958 shares of the transportation company’s stock worth $103,000 after purchasing an additional 907 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased 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 purchasing an additional 584 shares during the period. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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