Hyperion Capital Advisors LP Invests $282,000 in Copa Holdings, S.A. (NYSE:CPA)

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

Other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc lifted its holdings in shares of 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 purchasing an additional 143 shares during the period. Dynamic Technology Lab Private Ltd lifted 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 acquiring an additional 13,136 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Copa by 12.0% in the third 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. Foundry Partners LLC lifted its holdings in Copa by 2.4% in the third quarter. Foundry Partners LLC now owns 45,581 shares of the transportation company’s stock valued at $4,277,000 after acquiring an additional 1,060 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its holdings in Copa by 20.5% in the third quarter. Landscape Capital Management L.L.C. now owns 46,743 shares of the transportation company’s stock valued at $4,386,000 after acquiring an additional 7,948 shares during the period. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CPA shares. Evercore ISI dropped their price target on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price target on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. TD Cowen dropped their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Copa currently has a consensus rating of “Buy” and an average target price of $148.83.

Copa Trading Up 0.4 %

Copa stock opened at $93.30 on Thursday. The stock has a market cap of $3.68 billion, a PE ratio of 6.17, a P/E/G ratio of 0.74 and a beta of 1.48. The stock has a 50-day moving average price of $97.13 and a 200 day moving average price of $94.81. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a current ratio of 1.09, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56.

Copa Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 6.90%. The ex-dividend date is Monday, December 2nd. Copa’s dividend payout ratio (DPR) is 42.59%.

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.