Privium Fund Management UK Ltd Trims Stock Position in Copa Holdings, S.A. (NYSE:CPA)

Privium Fund Management UK Ltd cut its holdings in Copa Holdings, S.A. (NYSE:CPA) by 62.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,936 shares of the transportation company’s stock after selling 11,621 shares during the quarter. Copa accounts for 1.2% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 5th largest holding. Privium Fund Management UK Ltd’s holdings in Copa were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its holdings in shares of Copa by 14.9% in the 2nd 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 period. Carson Advisory Inc. lifted its stake in shares of 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 acquiring an additional 308 shares during the last quarter. First Hawaiian Bank lifted its position in Copa by 8.8% in the second quarter. First Hawaiian Bank now owns 5,440 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 440 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 569 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings 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. Institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. StockNews.com cut Copa from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Cowen reduced their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Evercore ISI decreased their target price on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. 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 company’s stock. Based on data from MarketBeat, Copa currently has an average rating of “Buy” and an average target price of $148.83.

Copa Price Performance

CPA opened at $98.57 on Wednesday. The business has a fifty day moving average of $94.85 and a 200 day moving average of $94.87. The stock has a market cap of $3.89 billion, a P/E ratio of 6.03, a PEG ratio of 0.62 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 52-week low of $80.01 and a 52-week 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.