Copa Holdings, S.A. (NYSE:CPA) Shares Acquired by Penserra Capital Management LLC

Posted by on Feb 27th, 2023

Penserra Capital Management LLC increased its stake in Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 25.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,537 shares of the transportation company’s stock after buying an additional 519 shares during the quarter. Penserra Capital Management LLC’s holdings in Copa were worth $170,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Advisor Group Holdings Inc. grew its stake in shares of Copa by 16.2% in the first quarter. Advisor Group Holdings Inc. now owns 1,083 shares of the transportation company’s stock valued at $92,000 after buying an additional 151 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Copa by 136.8% in the first quarter. Captrust Financial Advisors now owns 689 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 398 shares during the last quarter. UBS Group AG boosted its holdings in Copa by 51.2% in the first quarter. UBS Group AG now owns 1,845 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 625 shares during the last quarter. Royal Bank of Canada lifted its holdings in Copa by 5.9% during the 1st quarter. Royal Bank of Canada now owns 14,755 shares of the transportation company’s stock worth $1,235,000 after buying an additional 822 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Copa by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 46,378 shares of the transportation company’s stock worth $3,880,000 after buying an additional 866 shares during the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.

Copa Price Performance

NYSE CPA opened at $90.89 on Monday. Copa Holdings, S.A. has a fifty-two week low of $55.25 and a fifty-two week high of $96.99. The stock’s 50-day moving average is $89.08 and its two-hundred day moving average is $80.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.86. The firm has a market cap of $3.81 billion, a P/E ratio of 10.52 and a beta of 1.32.

Copa (NYSE:CPA – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The transportation company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.09 by $0.40. The business had revenue of $890.61 million for the quarter, compared to analyst estimates of $887.42 million. Copa had a return on equity of 25.25% and a net margin of 11.74%. The firm’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. On average, analysts anticipate that Copa Holdings, S.A. will post 11.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPA. Citigroup raised their price target on Copa from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, November 21st. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet upgraded Copa from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. Raymond James lifted their target price on Copa from $117.00 to $125.00 and gave the stock a “strong-buy” rating in a report on Monday, November 21st. Finally, Cowen lifted their target price on Copa from $98.00 to $117.00 in a report on Friday, February 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $112.13.

About Copa

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Copa Holdings SA engages in the provision of air transportation. It operates through the following geographical segments: North America; South America; Central America; and Caribbean. The firm offers international flights to Costa Rica, Jamaica, Colombia, and other cities. The company was founded on May 6, 1998 and is headquartered in Panama.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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