PDT Partners LLC Sells 886 Shares of Copa Holdings, S.A. (NYSE:CPA)

PDT Partners LLC trimmed its position in Copa Holdings, S.A. (NYSE:CPA) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,348 shares of the transportation company’s stock after selling 886 shares during the period. PDT Partners LLC owned 0.10% of Copa worth $3,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CPA. Bell Investment Advisors Inc grew its position 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 worth $59,000 after buying an additional 143 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of Copa by 14.9% during the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock valued at $85,000 after purchasing an additional 116 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Copa by 69,000.0% during the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,380 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 610 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of Copa in the 2nd quarter worth approximately $268,000. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

Shares of NYSE:CPA opened at $93.31 on Friday. 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 firm has a market cap of $3.68 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The business has a 50-day simple moving average of $97.22 and a two-hundred day simple moving average of $94.79. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00.

Copa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.61 per share. The ex-dividend date is Monday, December 2nd. This represents a $6.44 annualized dividend and a dividend yield of 6.90%. Copa’s payout ratio is 42.59%.

Wall Street Analyst Weigh In

CPA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered 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. TD Cowen cut their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Evercore ISI reduced their price objective 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. Finally, StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $148.83.

Copa Company Profile

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.