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

Privium Fund Management UK Ltd cut its stake in Copa Holdings, S.A. (NYSE:CPA) by 62.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,936 shares of the transportation company’s stock after selling 11,621 shares during the period. Copa makes up approximately 1.2% of Privium Fund Management UK Ltd’s holdings, making the stock its 5th largest holding. Privium Fund Management UK Ltd’s holdings in Copa were worth $651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its position in Copa by 3.7% during the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock worth $423,781,000 after purchasing an additional 144,806 shares during the last quarter. Sprucegrove Investment Management Ltd. boosted its stake in shares of 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 buying an additional 236,850 shares during the last quarter. Renaissance Technologies LLC grew its stake in Copa by 1.9% in the second 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Copa by 8.6% during the second 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 acquired a new position in Copa in the third quarter valued at approximately $52,166,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Down 0.6 %

CPA stock opened at $98.57 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.62 and a beta of 1.48. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The business’s fifty day moving average price is $94.85 and its two-hundred day moving average price is $94.87.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CPA shares. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Evercore ISI dropped their price objective on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. TD Cowen dropped their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $148.83.

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.