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Aptus Capital Advisors LLC Boosts Stock Holdings in Copa Holdings, S.A. $CPA

Copa logo with Transportation background

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.
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Aptus Capital Advisors LLC lifted its holdings in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CPA. LPL Financial LLC raised its position in Copa by 4.3% in the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock worth $282,000 after purchasing an additional 132 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of Copa by 1.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 16,060 shares of the transportation company's stock worth $1,411,000 after acquiring an additional 169 shares during the period. Montag A & Associates Inc. purchased a new position in shares of Copa during the first quarter worth approximately $30,000. Signet Financial Management LLC increased its holdings in Copa by 14.3% during the first quarter. Signet Financial Management LLC now owns 2,635 shares of the transportation company's stock valued at $244,000 after buying an additional 329 shares during the period. Finally, Bayforest Capital Ltd bought a new position in Copa in the first quarter worth approximately $36,000. Institutional investors own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CPA shares. Morgan Stanley reaffirmed an "overweight" rating and set a $145.00 target price (up previously from $125.00) on shares of Copa in a research report on Monday, August 11th. Cowen reaffirmed a "buy" rating on shares of Copa in a research report on Friday, August 8th. TD Cowen increased their target price on Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen raised Copa from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Copa in a research 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. Based on data from MarketBeat, Copa presently has an average rating of "Buy" and a consensus price target of $157.83.

Get Our Latest Stock Report on CPA

Copa Stock Performance

Shares of NYSE:CPA traded up $3.1120 during trading on Friday, hitting $116.9020. The stock had a trading volume of 299,585 shares, compared to its average volume of 374,502. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $121.63. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.39. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $110.64 and a two-hundred day simple moving average of $100.97.

Copa (NYSE:CPA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to analysts' expectations of $833.12 million. Copa had a return on equity of 26.22% and a net margin of 18.36%.The company's revenue for the quarter 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. On average, equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

About Copa

(Free Report)

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.

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Institutional Ownership by Quarter for Copa (NYSE:CPA)

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