Cetera Investment Advisers Acquires 3,573 Shares of Copa Holdings, S.A. $CPA

Key Points

• Cetera Investment Advisers increased its holdings in Copa Holdings by 76.4%, owning 8,248 shares worth $763,000 after purchasing additional shares during the first quarter.
• Copa Holdings reported earnings of $3.61 per share for the last quarter, surpassing estimates and reflecting a 2.8% increase in quarterly revenue year-over-year.
• Analysts have a consensus rating of "Buy", with several upgrading price targets, suggesting strong market confidence in Copa’s performance and future potential.

Cetera Investment Advisers increased its holdings in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 76.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,248 shares of the transportation company's stock after purchasing an additional 3,573 shares during the quarter. Cetera Investment Advisers' holdings in Copa were worth $763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in Copa by 4.3% in the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after acquiring an additional 132 shares during the period. Envestnet Asset Management Inc. bought a new position in Copa during the 4th quarter worth $225,000. Russell Investments Group Ltd. raised its stake in Copa by 3.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock valued at $1,103,000 after purchasing an additional 393 shares in the last quarter. Invesco Ltd. increased its stake in Copa by 37.1% in the fourth quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock valued at $1,079,000 after acquiring an additional 3,320 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Copa by 51.7% in the 4th quarter. XTX Topco Ltd now owns 3,701 shares of the transportation company's stock valued at $325,000 after purchasing an additional 1,262 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Copa from $144.00 to $147.00 and gave the company a "buy" rating in a research note 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. Cowen restated a "buy" rating on shares of Copa in a research report on Friday, August 8th. Morgan Stanley reiterated an "overweight" rating and issued a $145.00 target price (up from $125.00) on shares of Copa in a report on Monday, August 11th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Copa currently has a consensus rating of "Buy" and an average target price of $159.40.

Copa Price Performance

NYSE:CPA traded down $0.75 during mid-day trading on Tuesday, hitting $115.69. 58,888 shares of the stock traded hands, compared to its average volume of 324,673. Copa Holdings, S.A. has a 12-month low of $82.54 and a 12-month high of $121.63. 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 company has a market cap of $4.76 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. The business's 50-day moving average price is $109.92 and its 200 day moving average price is $100.37.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.36. The firm had revenue of $842.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $2.88 EPS. On average, analysts expect that Copa Holdings, S.A. will post 15.48 EPS for the current fiscal year.

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.