FCA Corp TX Acquires Shares of 3,000 Copa Holdings, S.A. $CPA

Key Points

• FCA Corp TX purchased 3,000 shares of Copa Holdings, S.A. for approximately $277,000 in the first quarter, indicating increased investor interest in the transportation company's stock.
• Multiple institutional investors, including Moerus Capital Management and Invesco, significantly increased their stakes in Copa, highlighting a growing confidence among big players in the airline industry.
• Copa reported a net margin of 18.36% and earnings per share of $3.61, exceeding analyst expectations and suggesting strong operational performance despite broader market conditions.

FCA Corp TX purchased a new stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the transportation company's stock, valued at approximately $277,000.

A number of other large investors have also added to or reduced their stakes in CPA. Captrust Financial Advisors raised its position in Copa by 4,063.6% during the fourth quarter. Captrust Financial Advisors now owns 542,601 shares of the transportation company's stock valued at $47,684,000 after purchasing an additional 529,569 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Copa during the fourth quarter valued at about $40,311,000. Millennium Management LLC raised its position in Copa by 1,279.2% during the fourth quarter. Millennium Management LLC now owns 324,235 shares of the transportation company's stock valued at $28,494,000 after purchasing an additional 300,726 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Copa by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,084,323 shares of the transportation company's stock valued at $95,290,000 after purchasing an additional 159,470 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Copa by 26.0% during the first quarter. Vontobel Holding Ltd. now owns 473,562 shares of the transportation company's stock valued at $43,786,000 after purchasing an additional 97,656 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Trading Down 0.8%

Shares of NYSE CPA traded down $0.8850 during midday trading on Tuesday, hitting $115.5550. 140,964 shares of the company traded hands, compared to its average volume of 325,278. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $121.63. The firm has a market cap of $4.76 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.03 and a beta of 1.39. The stock has a 50-day moving average price of $109.92 and a 200 day moving average price of $100.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.25 by $0.36. The business had revenue of $842.60 million during the quarter, compared to analyst estimates of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. Copa's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.88 earnings per share. As a group, analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Cowen lifted their price objective on Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Morgan Stanley reiterated an "overweight" rating and issued a $145.00 price objective (up previously from $125.00) on shares of Copa in a report on Monday, August 11th. Cowen reiterated a "buy" rating on shares of Copa in a report on Friday, August 8th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Copa in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $159.40.

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.