Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd decreased its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 62.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,936 shares of the transportation company's stock after selling 11,621 shares during the quarter. Copa makes up 1.2% of Privium Fund Management UK Ltd's holdings, making the stock its 5th biggest position. Privium Fund Management UK Ltd's holdings in Copa were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CPA. Aptus Capital Advisors LLC boosted its position in Copa by 15.5% during the third quarter. Aptus Capital Advisors LLC now owns 37,742 shares of the transportation company's stock worth $3,542,000 after acquiring an additional 5,054 shares during the last quarter. GSA Capital Partners LLP raised its stake in Copa by 240.5% during the third quarter. GSA Capital Partners LLP now owns 10,375 shares of the transportation company's stock worth $974,000 after purchasing an additional 7,328 shares during the period. Apollon Wealth Management LLC purchased a new position in Copa during the third quarter worth about $457,000. CWA Asset Management Group LLC purchased a new position in Copa during the third quarter worth about $611,000. Finally, VELA Investment Management LLC raised its stake in Copa by 14.1% during the third quarter. VELA Investment Management LLC now owns 32,371 shares of the transportation company's stock worth $3,038,000 after purchasing an additional 3,995 shares during the period. Institutional investors and hedge funds own 70.09% of the company's stock.

Wall Street Analyst Weigh In

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

Copa Price Performance

NYSE:CPA traded up $1.68 during mid-day trading on Wednesday, reaching $100.27. 112,500 shares of the company were exchanged, compared to its average volume of 275,306. The stock has a market cap of $3.95 billion, a PE ratio of 6.10, a PEG ratio of 0.61 and a beta of 1.48. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The company has a fifty day moving average of $94.85 and a 200 day moving average of $94.87.

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.