Copa (NYSE:CPA) Sees Unusually-High Trading Volume

Copa Holdings, S.A. (NYSE:CPA) shares saw unusually-strong trading volume on Thursday . Approximately 117,160 shares changed hands during mid-day trading, a decline of 59% from the previous session’s volume of 287,747 shares.The stock last traded at $103.68 and had previously closed at $102.92.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CPA shares. TheStreet raised Copa from a “c+” rating to a “b” rating in a report on Monday, December 18th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a report on Monday, February 12th.

Copa Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.94. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.36 and a beta of 1.38. The business has a fifty day moving average price of $99.32 and a 200 day moving average price of $95.15.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $4.47 EPS for the quarter, topping 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 company had revenue of $916.93 million during the quarter, compared to analysts’ expectations of $886.13 million. During the same quarter in the previous year, the firm earned $4.49 EPS. Copa’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that Copa Holdings, S.A. will post 16.11 earnings per share for the current year.

Copa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $1.61 per share. The ex-dividend date was Wednesday, February 28th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.17%. This is a boost from Copa’s previous quarterly dividend of $0.82. Copa’s payout ratio is 50.39%.

Institutional Investors Weigh In On Copa

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Copa by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,925 shares of the transportation company’s stock worth $362,000 after acquiring an additional 110 shares during the last quarter. PDT Partners LLC grew its position in shares of Copa by 0.3% in the 2nd quarter. PDT Partners LLC now owns 39,461 shares of the transportation company’s stock valued at $4,364,000 after buying an additional 112 shares during the last quarter. Huntington National Bank grew its position in shares of Copa by 54.6% in the 2nd quarter. Huntington National Bank now owns 388 shares of the transportation company’s stock valued at $43,000 after buying an additional 137 shares during the last quarter. Advisor Group Holdings Inc. grew its position in shares of Copa by 16.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after buying an additional 151 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Copa by 0.9% in the 4th quarter. Northern Trust Corp now owns 19,622 shares of the transportation company’s stock valued at $2,086,000 after buying an additional 166 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.

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.