Copa Holdings, S.A. (NYSE:CPA) Shares Purchased by Fourth Sail Capital LP

Fourth Sail Capital LP grew its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 45.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,985 shares of the transportation company's stock after purchasing an additional 48,692 shares during the period. Copa makes up 3.7% of Fourth Sail Capital LP's holdings, making the stock its 10th largest position. Fourth Sail Capital LP owned approximately 0.40% of Copa worth $14,731,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its holdings in shares of Copa by 14.9% during the second quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company's stock worth $85,000 after purchasing an additional 116 shares during the last quarter. Carson Advisory Inc. increased its holdings in Copa by 9.1% in the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company's stock valued at $352,000 after purchasing an additional 308 shares in the last quarter. First Hawaiian Bank lifted its position 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 worth $518,000 after purchasing an additional 440 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Copa by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company's stock valued at $413,000 after acquiring an additional 569 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company's stock worth $256,000 after purchasing an additional 610 shares during the period. Hedge funds and other institutional investors own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CPA shares. TD Cowen cut their target price on shares of Copa from $145.00 to $130.00 and set a "buy" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, August 29th. Evercore ISI cut their price objective on Copa from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Copa from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com cut Copa from a "buy" rating to a "hold" rating in a research note on Saturday. One investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $148.83.

Copa Price Performance

Shares of CPA traded up $0.33 during mid-day trading on Monday, hitting $102.89. 415,161 shares of the stock were exchanged, compared to its average volume of 276,131. 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 $4.06 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.64 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 firm has a 50-day moving average of $96.00 and a two-hundred day moving average of $94.99.

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.