Copa Holdings, S.A. $CPA Shares Acquired by Moerus Capital Management LLC

Key Points

• Moerus Capital Management LLC increased its stake in Copa Holdings by 87.6% during the first quarter, now owning 31,321 shares valued at approximately $2.9 million.
• Several hedge funds, including Caitong International Asset Management and Atlas Capital Advisors, made significant increases in their positions in Copa, reflecting strong institutional interest.
• Analysts maintain a consensus "Buy" rating for Copa, with price targets ranging from $145 to $159.40, following a quarterly earnings report that beat expectations.

Moerus Capital Management LLC increased its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 87.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,321 shares of the transportation company's stock after buying an additional 14,621 shares during the quarter. Copa comprises 1.3% of Moerus Capital Management LLC's portfolio, making the stock its 11th largest position. Moerus Capital Management LLC owned about 0.07% of Copa worth $2,896,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Copa by 8,175.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the transportation company's stock valued at $61,000 after buying an additional 654 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Copa by 39.5% in the first quarter. Russell Investments Group Ltd. now owns 17,501 shares of the transportation company's stock valued at $1,618,000 after buying an additional 4,951 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Copa in the first quarter valued at about $423,000. Invesco Ltd. grew its stake in Copa by 12.1% during the 1st quarter. Invesco Ltd. now owns 13,763 shares of the transportation company's stock valued at $1,273,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its stake in Copa by 1,086.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 1,270 shares of the transportation company's stock valued at $117,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of recent analyst reports. Cowen restated a "buy" rating on shares of Copa in a research note on Friday, August 8th. Morgan Stanley restated an "overweight" rating and set a $145.00 price objective (up previously from $125.00) on shares of Copa in a research note on Monday, August 11th. TD Cowen raised their price objective on 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 upgraded Copa from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Copa in a research note 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. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $159.40.

Copa Stock Performance

Shares of CPA traded down $0.8850 during mid-day trading on Tuesday, hitting $115.5550. The stock had a trading volume of 140,964 shares, compared to its average volume of 325,278. The company has a market cap of $4.76 billion, a PE ratio of 7.51, a PEG ratio of 1.03 and a beta of 1.39. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week 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's fifty day simple moving average is $109.92 and its two-hundred day simple moving average is $100.37.

Copa (NYSE:CPA - Get Free Report) last released its quarterly earnings data 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. Copa had a return on equity of 26.22% and a net margin of 18.36%.The business had revenue of $842.60 million during the quarter, compared to analyst estimates of $833.12 million. During the same quarter in the previous year, the firm posted $2.88 EPS. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

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.