Fox Run Management L.L.C. Takes $1.48 Million Position in Copa Holdings, S.A. $CPA

Key Points

• Fox Run Management L.L.C. acquired a new position in Copa Holdings, purchasing 15,959 shares valued at approximately $1.476 million.
net margin of 18.36% and earnings per share of $3.61 for the last quarter, exceeding analyst expectations.
• Several analysts have upgraded Copa's stock to a "buy" rating, with a consensus price target of $159.40.

Fox Run Management L.L.C. bought a new stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,959 shares of the transportation company's stock, valued at approximately $1,476,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPA. LPL Financial LLC raised its stake in shares of Copa by 4.3% in the fourth 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 shares of Copa in the fourth quarter worth about $225,000. Russell Investments Group Ltd. grew its holdings in shares of Copa by 3.2% in the fourth quarter. Russell Investments Group Ltd. now owns 12,550 shares of the transportation company's stock worth $1,103,000 after purchasing an additional 393 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Copa by 37.1% in the fourth quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock worth $1,079,000 after purchasing an additional 3,320 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Copa by 51.7% in the fourth quarter. XTX Topco Ltd now owns 3,701 shares of the transportation company's stock worth $325,000 after purchasing an additional 1,262 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company's stock.

Copa Stock Performance

CPA traded down $0.8850 during trading on Tuesday, reaching $115.5550. 140,964 shares of the company's stock were exchanged, compared to its average volume of 325,278. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $121.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $4.76 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. The company's fifty day simple moving average is $109.92 and its 200-day simple moving average is $100.37.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The transportation company reported $3.61 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $2.88 EPS. Copa's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Copa 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.