Aptus Capital Advisors LLC Buys 5,808 Shares of Copa Holdings, S.A. $CPA

Key Points

• Aptus Capital Advisors LLC increased its holdings in Copa Holdings, S.A. by 12.5%, acquiring an additional 5,808 shares, bringing its total to 52,242 shares valued at approximately $4.83 million.
• Copa Holdings reported $3.61 EPS in its most recent quarterly earnings, exceeding analyst expectations of $3.25, with revenue also surpassing estimates at $842.60 million.
• Analysts have a consensus rating of "Buy" for Copa, with recent price target increases suggesting a potential target of up to $159.40.

Aptus Capital Advisors LLC boosted its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,242 shares of the transportation company's stock after acquiring an additional 5,808 shares during the period. Aptus Capital Advisors LLC owned 0.12% of Copa worth $4,830,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CPA. Montag A & Associates Inc. purchased a new position in Copa in the 1st quarter worth approximately $30,000. Bayforest Capital Ltd purchased a new position in Copa in the 1st quarter worth approximately $36,000. US Bancorp DE grew its stake in Copa by 378.1% in the 1st quarter. US Bancorp DE now owns 502 shares of the transportation company's stock worth $46,000 after buying an additional 397 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Copa by 8,175.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock worth $61,000 after buying an additional 654 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Copa by 2,813.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,049 shares of the transportation company's stock worth $97,000 after buying an additional 1,013 shares in the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Trading Down 0.2%

NYSE:CPA traded down $0.2010 during midday trading on Monday, reaching $116.8590. 42,066 shares of the stock traded hands, compared to its average volume of 325,335. The company has a fifty day moving average of $110.64 and a 200 day moving average of $101.04. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $121.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market capitalization of $4.81 billion, a P/E ratio of 7.59, a PEG ratio of 1.02 and a beta of 1.39.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CPA shares. Wall Street Zen raised shares of Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Raymond James Financial restated a "strong-buy" rating on shares of Copa in a report on Friday, August 8th. Morgan Stanley restated an "overweight" rating and issued a $145.00 price objective (up from $125.00) on shares of Copa in a report on Monday, August 11th. TD Cowen boosted their price objective on shares of Copa from $144.00 to $147.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of Copa in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $157.83.

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.