Aptus Capital Advisors LLC Boosts Holdings in Copa Holdings, S.A. (NYSE:CPA)

Aptus Capital Advisors LLC increased its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 15.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,742 shares of the transportation company's stock after buying an additional 5,054 shares during the period. Aptus Capital Advisors LLC owned 0.10% of Copa worth $3,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPA. Hexagon Capital Partners LLC grew its stake in shares of Copa by 14.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company's stock worth $85,000 after acquiring an additional 116 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Copa by 69,000.0% in the second quarter. Rhumbline Advisers now owns 1,382 shares of the transportation company's stock worth $132,000 after buying an additional 1,380 shares during the period. Kingsview Wealth Management LLC purchased a new stake in Copa during the 1st quarter valued at $215,000. Mackenzie Financial Corp grew its holdings in Copa by 29.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock worth $256,000 after acquiring an additional 610 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Copa in the second quarter valued at about $268,000. 70.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Copa Price Performance

Shares of NYSE:CPA traded up $3.72 during midday trading on Thursday, reaching $103.78. 300,882 shares of the company's stock traded hands, compared to its average volume of 275,600. The company has a fifty day simple moving average of $95.09 and a two-hundred day simple moving average of $94.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 0.98. The company has a market cap of $4.09 billion, a P/E ratio of 6.13, a PEG ratio of 0.61 and a beta of 1.48. Copa Holdings, S.A. has a 1 year low of $80.01 and a 1 year high of $114.00.

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.