Quantinno Capital Management LP Grows Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Quantinno Capital Management LP lifted its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,219 shares of the transportation company’s stock after purchasing an additional 488 shares during the period. Quantinno Capital Management LP’s holdings in Copa were worth $490,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc raised its position in Copa by 29.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 143 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Copa during the third quarter valued at approximately $82,000. Rhumbline Advisers lifted its stake in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after acquiring an additional 1,380 shares during the period. Mackenzie Financial Corp boosted its holdings in Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 610 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Copa during the 2nd quarter valued at $268,000. 70.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One 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. According to MarketBeat.com, Copa has an average rating of “Buy” and a consensus target price of $148.83.

Copa Trading Down 0.6 %

NYSE:CPA opened at $87.56 on Friday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 5.79, a PEG ratio of 0.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company’s 50-day simple moving average is $96.43 and its 200 day simple moving average is $93.57.

Copa (NYSE:CPA) last posted its quarterly earnings results 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 company had revenue of $854.71 million for the quarter, compared to the consensus estimate of $864.90 million. Copa had a return on equity of 28.46% and a net margin of 18.20%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.39 EPS. As a group, analysts forecast that Copa Holdings, S.A. will post 14.48 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 7.35%. The ex-dividend date was Monday, December 2nd. Copa’s dividend payout ratio is presently 42.59%.

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.