GSA Capital Partners LLP Purchases 7,328 Shares of Copa Holdings, S.A. (NYSE:CPA)

GSA Capital Partners LLP raised its position in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 240.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,375 shares of the transportation company's stock after purchasing an additional 7,328 shares during the quarter. GSA Capital Partners LLP's holdings in Copa were worth $974,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of Copa by 3.7% in the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company's stock valued at $423,781,000 after buying an additional 144,806 shares during the period. Sprucegrove Investment Management Ltd. increased its position in Copa by 8.3% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company's stock valued at $293,743,000 after purchasing an additional 236,850 shares during the period. Renaissance Technologies LLC raised its holdings in Copa by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company's stock worth $82,990,000 after purchasing an additional 16,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Copa by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company's stock worth $78,950,000 after purchasing an additional 65,525 shares during the period. Finally, Carrhae Capital LLP bought a new stake in shares of Copa in the 3rd quarter valued at $52,166,000. 70.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copa Stock Down 1.2 %

Shares of CPA traded down $1.22 during trading hours on Friday, reaching $102.56. The stock had a trading volume of 274,298 shares, compared to its average volume of 275,594. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 0.62 and a beta of 1.48. The firm has a 50-day simple moving average of $95.65 and a 200 day simple moving average of $94.99. The company has a current ratio of 0.98, a quick ratio of 0.89 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.

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.