MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income reduced its stake in shares of Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,415 shares of the transportation company’s stock after selling 1,960 shares during the quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned about 0.27% of Copa worth $9,486,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CPA. JPMorgan Chase & Co. acquired a new stake in Copa during the 4th quarter worth $197,875,000. Marshall Wace LLP grew its position in Copa by 9,033.9% during the 4th quarter. Marshall Wace LLP now owns 1,159,094 shares of the transportation company’s stock worth $95,809,000 after purchasing an additional 1,146,404 shares during the last quarter. Capital World Investors grew its position in Copa by 27.5% during the 4th quarter. Capital World Investors now owns 3,000,524 shares of the transportation company’s stock worth $248,023,000 after purchasing an additional 647,229 shares during the last quarter. Point72 Asset Management L.P. grew its position in Copa by 96.8% during the 4th quarter. Point72 Asset Management L.P. now owns 449,654 shares of the transportation company’s stock worth $37,168,000 after purchasing an additional 221,205 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in Copa by 88.2% during the 1st quarter. U S Global Investors Inc. now owns 398,592 shares of the transportation company’s stock worth $33,338,000 after purchasing an additional 186,796 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on CPA. Raymond James lowered their price objective on shares of Copa from $115.00 to $110.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Copa from $95.00 to $85.00 in a report on Tuesday, July 19th. Barclays lifted their target price on shares of Copa from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Copa from $90.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, June 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Copa presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.14.
Copa Price Performance
Copa (NYSE:CPA – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The transportation company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.34. The business had revenue of $571.58 million during the quarter, compared to analyst estimates of $566.09 million. Copa had a net margin of 11.66% and a return on equity of 12.35%. During the same quarter in the previous year, the business posted ($2.23) earnings per share. As a group, analysts predict that Copa Holdings, S.A. will post 4.44 earnings per share for the current fiscal year.
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.
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