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

Massachusetts Financial Services Co. MA boosted its holdings in Copa Holdings, S.A. (NYSE:CPA) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,768 shares of the transportation company’s stock after acquiring an additional 1,369 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Copa were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Copa by 219.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 49,566 shares of the transportation company’s stock valued at $5,164,000 after purchasing an additional 34,027 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Copa during the 1st quarter valued at $1,005,000. Virtu Financial LLC purchased a new position in Copa during the first quarter worth $557,000. First Hawaiian Bank raised its holdings in shares of Copa by 8.8% in the second quarter. First Hawaiian Bank now owns 5,440 shares of the transportation company’s stock worth $518,000 after acquiring an additional 440 shares during the last quarter. Finally, Richard P Slaughter Associates Inc purchased a new stake in shares of Copa in the second quarter valued at $1,429,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPA. Evercore ISI dropped their price objective 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 cut their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday. TD Cowen cut their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased 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. One equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $148.83.

Copa Stock Up 0.4 %

Shares of NYSE CPA opened at $93.30 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market capitalization 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 firm has a fifty day moving average of $97.13 and a 200-day moving average of $94.81. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00.

Copa Dividend Announcement

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 paid a $1.61 dividend. This represents a $6.44 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Monday, December 2nd. Copa’s dividend payout ratio is currently 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.