Copa Holdings, S.A. $CPA Shares Bought by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. grew its position in Copa Holdings, S.A. (NYSE:CPA) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,803 shares of the transportation company’s stock after purchasing an additional 1,325 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Copa were worth $20,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in Copa by 56.5% in the first quarter. Millennium Management LLC now owns 507,419 shares of the transportation company’s stock valued at $46,916,000 after buying an additional 183,184 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Copa by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after acquiring an additional 122,413 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Copa by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,184,278 shares of the transportation company’s stock worth $109,501,000 after acquiring an additional 99,955 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Copa in the 2nd quarter valued at $9,392,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Copa by 16.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 552,249 shares of the transportation company’s stock valued at $60,731,000 after acquiring an additional 78,687 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CPA shares. Evercore ISI increased their price target on Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price (up previously from $125.00) on shares of Copa in a research report on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Wednesday, October 8th. TD Cowen boosted their price target on Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Raymond James Financial set a $164.00 price objective on shares of Copa and gave the company a “strong-buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $157.67.

Copa Price Performance

CPA stock opened at $125.03 on Friday. The stock’s 50 day moving average is $122.28 and its two-hundred day moving average is $113.47. Copa Holdings, S.A. has a 52-week low of $82.54 and a 52-week high of $130.00. The company has a market capitalization of $5.15 billion, a PE ratio of 8.13, a P/E/G ratio of 1.08 and a beta of 1.30. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

Copa 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.