Seven Mile Advisory Invests $223,000 in Copa Holdings, S.A. $CPA

Key Points

• Seven Mile Advisory has initiated a new investment in Copa Holdings, S.A., acquiring 2,413 shares valued at approximately $223,000.
• Copa Holdings recently reported a quarterly earnings per share of $3.61, exceeding analysts' expectations, alongside a revenue of $842.6 million.
• Several institutional investors, including Dimensional Fund Advisors and Brandywine Global Investment Management, have increased their stakes in Copa during the first quarter, indicating growing confidence in the company.

Seven Mile Advisory acquired a new position in Copa Holdings, S.A. (NYSE:CPA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,413 shares of the transportation company's stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in Copa by 4.3% during the 4th quarter. LPL Financial LLC now owns 3,204 shares of the transportation company's stock valued at $282,000 after purchasing an additional 132 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Copa during the 4th quarter valued at $225,000. Russell Investments Group Ltd. raised its stake in Copa by 3.2% during the 4th 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 during the last quarter. Invesco Ltd. raised its stake in Copa by 37.1% during the 4th quarter. Invesco Ltd. now owns 12,276 shares of the transportation company's stock valued at $1,079,000 after purchasing an additional 3,320 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Copa by 51.7% during 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.

Copa Price Performance

Shares of CPA stock traded up $2.11 during mid-day trading on Friday, reaching $115.90. The company's stock had a trading volume of 87,965 shares, compared to its average volume of 325,790. Copa Holdings, S.A. has a 1-year low of $82.54 and a 1-year high of $121.63. The company has a market cap of $4.77 billion, a P/E ratio of 7.54, a PEG ratio of 1.00 and a beta of 1.39. 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 firm's 50-day moving average is $110.37 and its two-hundred day moving average is $100.73.

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, 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 analysts' expectations of $833.12 million. During the same quarter in the prior year, the company posted $2.88 EPS. The business's revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley reiterated an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Copa in a research note on Monday, August 11th. TD Cowen upped their target price 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. Cowen reiterated a "buy" rating on shares of Copa in a research note on Friday, August 8th. Citigroup cut their target price on shares of Copa from $159.00 to $150.00 and set a "buy" rating for the company in a research note on Friday. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Copa in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $157.83.

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.