Hsbc Holdings PLC Has $4.43 Million Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Hsbc Holdings PLC cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 38.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,055 shares of the transportation company's stock after selling 29,393 shares during the quarter. Hsbc Holdings PLC owned 0.12% of Copa worth $4,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPA. Sciencast Management LP grew its stake in Copa by 4.0% in the first quarter. Sciencast Management LP now owns 2,627 shares of the transportation company's stock valued at $274,000 after purchasing an additional 100 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company's stock valued at $81,000 after buying an additional 102 shares in the last quarter. SPC Financial Inc. raised its position in Copa by 1.1% during the first quarter. SPC Financial Inc. now owns 11,845 shares of the transportation company's stock valued at $1,234,000 after acquiring an additional 130 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in Copa by 11.3% in the first quarter. Coronation Fund Managers Ltd. now owns 2,763 shares of the transportation company's stock valued at $288,000 after acquiring an additional 280 shares during the last quarter. Finally, Carson Advisory Inc. grew its position in Copa by 9.1% in the second quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company's stock worth $352,000 after acquiring an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Wall Street Analyst Weigh In

CPA has been the subject of a number of recent research reports. TD Cowen 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 Friday, August 9th. Evercore ISI decreased their price target on 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. reduced their target price on Copa from $180.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Copa from $145.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com downgraded shares of Copa from a "buy" rating to a "hold" rating in a report on Wednesday, June 19th. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $148.83.

Copa Stock Performance

CPA stock traded down $2.04 on Wednesday, reaching $90.70. 118,909 shares of the company were exchanged, compared to its average volume of 272,385. The stock's fifty day moving average price is $89.37 and its 200 day moving average price is $95.99. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The firm has a market capitalization of $3.58 billion, a PE ratio of 6.53, a PEG ratio of 0.57 and a beta of 1.48.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.77 by $0.11. Copa had a return on equity of 30.81% and a net margin of 19.31%. The firm had revenue of $819.40 million during the quarter, compared to analysts' expectations of $838.13 million. During the same quarter in the prior year, the firm posted $3.92 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts anticipate that Copa Holdings, S.A. will post 14.53 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.61 per share. The ex-dividend date was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a yield of 7.10%. Copa's dividend payout ratio is currently 46.33%.

Copa Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.