CWA Asset Management Group LLC Invests $611,000 in Copa Holdings, S.A. (NYSE:CPA)

CWA Asset Management Group LLC bought a new position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,511 shares of the transportation company's stock, valued at approximately $611,000.

Other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its holdings in Copa by 14.9% during the 2nd 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 during the last quarter. Carson Advisory Inc. boosted its holdings in Copa by 9.1% during the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company's stock valued at $352,000 after acquiring an additional 308 shares during the period. First Hawaiian Bank boosted its stake in shares of Copa by 8.8% during the second quarter. First Hawaiian Bank now owns 5,440 shares of the transportation company's stock valued at $518,000 after purchasing an additional 440 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Copa by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company's stock worth $413,000 after purchasing an additional 569 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Copa by 29.3% in the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock worth $256,000 after buying an additional 610 shares during the last quarter. 70.09% of the stock is owned by institutional investors.

Copa Stock Performance

Shares of Copa stock traded down $0.59 on Tuesday, hitting $98.59. The stock had a trading volume of 155,947 shares, compared to its average volume of 276,050. The company's 50 day moving average price is $94.66 and its 200 day moving average price is $94.87. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 0.61 and a beta of 1.48. Copa Holdings, S.A. has a 52-week low of $80.01 and a 52-week high of $114.00. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPA. StockNews.com lowered shares of Copa from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. Evercore ISI dropped their target price on shares of Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. TD Cowen dropped their target price on Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $148.83.

About Copa

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.