PEAK6 Investments LLC Acquires Shares of 5,521 Copa Holdings, S.A. (NYSE:CPA)

PEAK6 Investments LLC bought a new stake in shares of Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,521 shares of the transportation company’s stock, valued at approximately $518,000.

A number of other large investors have also modified their holdings of CPA. Hyperion Capital Advisors LP purchased a new stake in shares of Copa during the third quarter worth about $282,000. Bell Investment Advisors Inc increased its stake in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock worth $59,000 after buying an additional 143 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of 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 acquiring an additional 13,136 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Copa by 12.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,768 shares of the transportation company’s stock worth $1,198,000 after acquiring an additional 1,369 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of Copa by 2.4% during the third quarter. Foundry Partners LLC now owns 45,581 shares of the transportation company’s stock worth $4,277,000 after purchasing an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

Shares of CPA opened at $89.86 on Wednesday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 0.71 and a beta of 1.45. The firm’s fifty day simple moving average is $97.25 and its 200-day simple moving average is $94.37. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a twelve month low of $80.01 and a twelve month high of $114.00.

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

Copa Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI dropped their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, TD Cowen cut their target price on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average target price of $148.83.

Copa Company 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.