Victory Capital Management Inc. Trims Position in Copa Holdings, S.A. (NYSE:CPA)

Victory Capital Management Inc. decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,395 shares of the transportation company’s stock after selling 3,207 shares during the quarter. Victory Capital Management Inc.’s holdings in Copa were worth $28,214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its holdings in 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 during the period. Semanteon Capital Management LP purchased a new stake in shares of Copa during the fourth quarter worth about $1,163,000. State of New Jersey Common Pension Fund D raised its stake in Copa by 39.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 21,407 shares of the transportation company’s stock valued at $2,276,000 after purchasing an additional 6,098 shares during the period. Channing Global Advisors LLC lifted its holdings in Copa by 80.9% in the 4th quarter. Channing Global Advisors LLC now owns 9,892 shares of the transportation company’s stock worth $1,052,000 after purchasing an additional 4,423 shares in the last quarter. Finally, Bailard Inc. lifted its holdings in Copa by 55.0% in the 4th quarter. Bailard Inc. now owns 6,200 shares of the transportation company’s stock worth $659,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, February 12th.

Copa Price Performance

NYSE:CPA opened at $100.62 on Wednesday. The business’s 50-day moving average is $100.90 and its 200 day moving average is $97.70. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $121.20. The company has a market capitalization of $3.97 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.36 and a beta of 1.40. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58.

Copa (NYSE:CPA) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.57. Copa had a return on equity of 37.05% and a net margin of 14.97%. The business had revenue of $916.93 million for the quarter, compared to analysts’ expectations of $886.13 million. During the same period in the prior year, the firm earned $4.49 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Copa Holdings, S.A. will post 16.15 earnings per share for the current fiscal year.

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.