Vontobel Holding Ltd. Buys 413,322 Shares of Copa Holdings, S.A. (NYSE:CPA)

Vontobel Holding Ltd. lifted its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 7,848.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,588 shares of the transportation company's stock after purchasing an additional 413,322 shares during the quarter. Vontobel Holding Ltd. owned 1.06% of Copa worth $39,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its position in Copa by 15.1% during the first quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company's stock valued at $81,000 after purchasing an additional 102 shares in the last quarter. Rhumbline Advisers boosted its stake in Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock worth $132,000 after buying an additional 1,380 shares in the last quarter. Nomura Holdings Inc. bought a new position in Copa during the fourth quarter valued at approximately $202,000. Kingsview Wealth Management LLC purchased a new position in shares of Copa during the first quarter worth approximately $215,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Copa by 29.3% in the 2nd 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. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analysts Set New Price Targets

CPA has been the topic of several recent research reports. Evercore ISI reduced their target price on shares of Copa from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. 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. Deutsche Bank Aktiengesellschaft lowered their target price on Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded Copa from a "hold" rating to a "buy" rating in a research report on Tuesday, October 1st. Finally, TD Cowen lowered their price objective on Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $148.83.

Copa Trading Up 5.0 %

NYSE CPA traded up $4.86 on Wednesday, hitting $102.41. The company's stock had a trading volume of 611,609 shares, compared to its average volume of 278,260. The firm has a market cap of $4.04 billion, a P/E ratio of 7.20, a PEG ratio of 0.59 and a beta of 1.49. Copa Holdings, S.A. has a 52-week low of $78.12 and a 52-week high of $114.00. The company's 50-day simple moving average is $90.91 and its 200 day simple moving average is $95.07. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, August 7th. The transportation company reported $2.88 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.11. The company had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. Copa had a return on equity of 30.81% and a net margin of 19.31%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.92 earnings per share. Research analysts predict that Copa Holdings, S.A. will post 14.56 EPS for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Friday, August 30th. Copa's payout ratio is 46.33%.

About Copa

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.