Fourth Sail Capital LP Raises Stake in Copa Holdings, S.A. (NYSE:CPA)

Fourth Sail Capital LP lifted its position in Copa Holdings, S.A. (NYSE:CPA) by 45.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,985 shares of the transportation company’s stock after acquiring an additional 48,692 shares during the quarter. Copa makes up approximately 3.7% of Fourth Sail Capital LP’s portfolio, making the stock its 10th largest position. Fourth Sail Capital LP’s holdings in Copa were worth $14,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Carrhae Capital LLP bought a new position in Copa during the third quarter valued at about $52,166,000. Vontobel Holding Ltd. increased its stake in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after purchasing an additional 413,322 shares during the last quarter. Sprucegrove Investment Management Ltd. raised its holdings in shares of Copa by 8.3% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock worth $293,743,000 after purchasing an additional 236,850 shares during the period. Capital World Investors lifted its stake in Copa by 3.7% in the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock valued at $423,781,000 after purchasing an additional 144,806 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Copa by 61.4% during the second quarter. Raymond James & Associates now owns 294,710 shares of the transportation company’s stock valued at $28,050,000 after purchasing an additional 112,143 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPA. JPMorgan Chase & Co. lowered their price objective on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Evercore ISI cut their target price on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Cowen lowered their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Copa currently has a consensus rating of “Buy” and a consensus price target of $148.83.

Copa Price Performance

Shares of Copa stock opened at $102.56 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The business’s 50 day simple moving average is $95.65 and its two-hundred day simple moving average is $94.97. The stock has a market capitalization of $4.04 billion, a P/E ratio of 6.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48.

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.