Dynamic Technology Lab Private Ltd Boosts Stake in Copa Holdings, S.A. (NYSE:CPA)

Dynamic Technology Lab Private Ltd lifted its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 153.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,693 shares of the transportation company's stock after purchasing an additional 13,136 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.06% of Copa worth $2,036,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new stake in Copa in the 3rd quarter worth $611,000. Silvercrest Asset Management Group LLC bought a new stake in shares of Copa in the first quarter worth about $1,005,000. Price T Rowe Associates Inc. MD raised its position in Copa by 219.0% during the 1st 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. Aptus Capital Advisors LLC lifted its holdings in Copa by 15.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company's stock worth $3,542,000 after buying an additional 5,054 shares during the period. Finally, Fourth Sail Capital LP grew its position in shares of Copa by 45.0% in the 3rd quarter. Fourth Sail Capital LP now owns 156,985 shares of the transportation company's stock worth $14,731,000 after buying an additional 48,692 shares during the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Copa Stock Down 1.4 %

Copa stock traded down $1.29 during mid-day trading on Tuesday, hitting $92.90. The company had a trading volume of 504,785 shares, compared to its average volume of 288,528. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average price is $97.07 and its two-hundred day moving average price is $94.88. The company has a market capitalization of $3.66 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48.

Copa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.61 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $6.44 dividend on an annualized basis and a yield of 6.93%. Copa's dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Copa from $145.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 8th. TD Cowen cut their target price on shares of Copa from $145.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Evercore ISI decreased their price target on shares of Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, August 29th. Finally, StockNews.com lowered Copa from a "buy" rating to a "hold" rating in a research report on Monday. One 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 data from MarketBeat, the company presently has a consensus rating of "Buy" and an average 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.