PEAK6 Investments LLC Takes $518,000 Position in Copa Holdings, S.A. (NYSE:CPA)

PEAK6 Investments LLC acquired a new position in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 5,521 shares of the transportation company’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hyperion Capital Advisors LP acquired a new position in shares of Copa during the 3rd quarter worth $282,000. Bell Investment Advisors Inc grew its position in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in Copa by 153.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 21,693 shares of the transportation company’s stock valued at $2,036,000 after buying an additional 13,136 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Copa by 12.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,768 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 1,369 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of Copa by 2.4% during the 3rd quarter. Foundry Partners LLC now owns 45,581 shares of the transportation company’s stock worth $4,277,000 after acquiring an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of NYSE CPA opened at $89.86 on Wednesday. The company has a 50-day simple moving average of $97.25 and a 200-day simple moving average of $94.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The company has a market cap of $3.54 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00.

Copa (NYSE:CPA) last released its earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.48 by $0.02. The firm had revenue of $854.71 million during the quarter, compared to analysts’ expectations of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.39 EPS. On average, equities analysts anticipate that Copa Holdings, S.A. will post 14.52 earnings per share for the current year.

Copa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Monday, December 2nd. Copa’s dividend payout ratio is currently 42.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CPA shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen decreased their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI dropped their target price 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. JPMorgan Chase & Co. reduced their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $148.83.

About Copa

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.