Ellevest Inc. Reduces Stock Position in Copa Holdings, S.A. $CPA

Ellevest Inc. lessened its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 23.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,174 shares of the transportation company’s stock after selling 1,865 shares during the quarter. Ellevest Inc.’s holdings in Copa were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new position in Copa during the first quarter worth about $423,000. Aptus Capital Advisors LLC lifted its position in Copa by 12.5% during the first quarter. Aptus Capital Advisors LLC now owns 52,242 shares of the transportation company’s stock worth $4,830,000 after buying an additional 5,808 shares during the period. Hsbc Holdings PLC lifted its position in Copa by 16.7% during the first quarter. Hsbc Holdings PLC now owns 52,671 shares of the transportation company’s stock worth $4,841,000 after buying an additional 7,520 shares during the period. Seven Mile Advisory purchased a new position in Copa during the first quarter worth about $223,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Copa by 32.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,647 shares of the transportation company’s stock worth $1,817,000 after buying an additional 4,767 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. Citigroup reduced their target price on Copa from $159.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Raymond James Financial set a $164.00 target price on Copa and gave the stock a “strong-buy” rating in a research report on Monday. TD Cowen raised their price objective on Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Copa in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $157.67.

Copa Stock Performance

Copa stock opened at $127.55 on Thursday. The stock’s 50-day moving average is $121.14 and its 200-day moving average is $111.69. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $130.00.

Copa (NYSE:CPA) last released its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.25 by $0.36. The company had revenue of $842.60 million for the quarter, compared to the consensus estimate of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.88 EPS. Equities analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

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.