Hyperion Capital Advisors LP Makes New Investment in Copa Holdings, S.A. (NYSE:CPA)

Hyperion Capital Advisors LP purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,000 shares of the transportation company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bell Investment Advisors Inc grew its stake in shares of 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 purchasing an additional 143 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Copa by 153.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 21,693 shares of the transportation company’s stock worth $2,036,000 after purchasing an additional 13,136 shares during the period. Massachusetts Financial Services Co. MA grew its stake 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 worth $1,198,000 after purchasing an additional 1,369 shares during the period. Foundry Partners LLC grew 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 purchasing an additional 1,060 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in shares of Copa by 20.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 46,743 shares of the transportation company’s stock worth $4,386,000 after purchasing an additional 7,948 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copa Stock Up 0.4 %

CPA stock opened at $93.30 on Thursday. The company’s 50 day moving average price is $97.13 and its 200 day moving average price is $94.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 1.09. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 0.74 and a beta of 1.48.

Copa Dividend Announcement

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

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.