JPMorgan Chase & Co. Has $245.61 Million Holdings in Copa Holdings, S.A. (NYSE:CPA)

JPMorgan Chase & Co. decreased its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,617,309 shares of the transportation company's stock after selling 143,975 shares during the quarter. JPMorgan Chase & Co. owned 6.64% of Copa worth $245,608,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPA. Bell Investment Advisors Inc boosted its holdings in shares of Copa by 29.6% in 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 in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Copa in the third quarter valued at about $82,000. Rhumbline Advisers raised its stake in Copa by 69,000.0% during 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 in the last quarter. Optimist Retirement Group LLC bought a new position in shares of Copa in the third quarter worth about $240,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock worth $256,000 after acquiring an additional 610 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Copa from a "buy" rating to a "hold" rating in a research report on Monday, November 25th. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $148.83.

Copa Trading Up 0.5 %

NYSE CPA traded up $0.46 during trading hours on Tuesday, reaching $87.88. The company's stock had a trading volume of 199,755 shares, compared to its average volume of 293,267. Copa Holdings, S.A. has a 52 week low of $80.01 and a 52 week high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market cap of $3.46 billion, a P/E ratio of 5.81, a P/E/G ratio of 0.72 and a beta of 1.45. The firm has a fifty day simple moving average of $94.25 and a 200-day simple moving average of $92.81.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The transportation company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.48 by $0.02. The company had revenue of $854.71 million for the quarter, compared to analyst estimates of $864.90 million. Copa had a net margin of 18.20% and a return on equity of 28.46%. Copa's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.39 earnings per share. Equities analysts forecast that Copa Holdings, S.A. will post 14.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $1.61 dividend. The ex-dividend date was Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 7.33%. Copa's payout ratio 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.