Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in Copa Holdings, S.A. (NYSE:CPA) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,768 shares of the transportation company’s stock after purchasing an additional 1,369 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Copa were worth $1,198,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC grew its stake in shares of Copa by 14.9% in the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock valued at $85,000 after buying an additional 116 shares in the last quarter. Rhumbline Advisers grew its position in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,380 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the period. Qsemble Capital Management LP acquired a new position in shares of Copa during the second quarter worth $268,000. Finally, nVerses Capital LLC purchased a new position in shares of Copa in the third quarter valued at $291,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Trading Up 0.4 %

NYSE:CPA opened at $93.30 on Thursday. The company has a market cap of $3.68 billion, a PE ratio of 6.14, a P/E/G ratio of 0.74 and a beta of 1.48. The business’s 50 day moving average is $97.13 and its two-hundred day moving average is $94.81. The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $1.61 dividend. This represents a $6.44 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend is Monday, December 2nd. Copa’s dividend payout ratio is presently 42.59%.

Analysts Set New Price Targets

CPA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI reduced their price target on 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. dropped their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, TD Cowen reduced their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $148.83.

Copa 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.