Bell Investment Advisors Inc Increases Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Bell Investment Advisors Inc increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 29.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 626 shares of the transportation company’s stock after buying an additional 143 shares during the quarter. Bell Investment Advisors Inc’s holdings in Copa were worth $59,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC grew its stake in shares of Copa by 14.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after acquiring an additional 116 shares in the last quarter. Rhumbline Advisers grew its position in Copa by 69,000.0% in the 2nd quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,380 shares in the last quarter. Mackenzie Financial Corp increased its stake in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after buying an additional 610 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in Copa in the 2nd quarter valued at about $268,000. Finally, nVerses Capital LLC bought a new position in shares of Copa during the 3rd quarter worth approximately $291,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Performance

NYSE CPA traded down $0.49 during trading on Wednesday, hitting $92.41. 21,869 shares of the company’s stock traded hands, compared to its average volume of 287,322. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 1.09. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.74 and a beta of 1.48. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The business has a 50 day moving average of $97.07 and a 200-day moving average of $94.88.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $1.61 dividend. This represents a $6.44 annualized dividend and a yield of 6.97%. The ex-dividend date is Monday, December 2nd. Copa’s dividend payout ratio (DPR) is presently 42.59%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPA. JPMorgan Chase & Co. decreased 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. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research note on Monday. TD Cowen cut their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price objective 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, Evercore ISI dropped their target price on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. 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, Copa currently has an average rating of “Buy” and a consensus target price of $148.83.

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.