Copa (NYSE:CPA) Insider Sells $601,800.00 in Stock

Key Points

• Copa insider Silva Julio Toro sold 4,000 shares at an average of $150.45, totaling $601,800. The sale reduced his direct holdings by 24.38% to 12,405 shares.
• Copa shares traded at $145.35 after falling $3.62 during Thursday’s session; the stock’s 52-week range is $107.44–$160.46.
• Analyst sentiment remains broadly positive: the consensus rating is “Buy,” with a $172.20 target price, despite some firms lowering their price targets.

Copa Holdings, S.A. (NYSE:CPA - Get Free Report) insider Silva Julio Toro sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $150.45, for a total value of $601,800.00. Following the sale, the insider directly owned 12,405 shares of the company's stock, valued at $1,866,332.25. The trade was a 24.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Copa Stock Performance

Copa stock traded down $3.62 during mid-day trading on Thursday, reaching $145.35. 76,068 shares of the company's stock were exchanged, compared to its average volume of 375,959. The business's fifty day simple moving average is $133.96 and its 200 day simple moving average is $133.69. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Copa Holdings, S.A. has a one year low of $107.44 and a one year high of $160.46. The firm has a market capitalization of $5.98 billion, a PE ratio of 9.57, a P/E/G ratio of 1.42 and a beta of 1.14.

Institutional Investors Weigh In On Copa

Several institutional investors have recently added to or reduced their stakes in CPA. Dimensional Fund Advisors LP lifted its stake in shares of Copa by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company's stock valued at $158,691,000 after buying an additional 52,243 shares in the last quarter. Cullen Capital Management LLC raised its holdings in Copa by 6.4% during the 3rd quarter. Cullen Capital Management LLC now owns 607,622 shares of the transportation company's stock valued at $80,115,000 after acquiring an additional 36,359 shares during the period. Sei Investments Co. raised its holdings in Copa by 5.1% during the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company's stock valued at $39,912,000 after acquiring an additional 17,113 shares during the period. Bank of America Corp DE raised its holdings in Copa by 45.5% during the 1st quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company's stock valued at $20,631,000 after acquiring an additional 56,764 shares during the period. Finally, Artemis Investment Management LLP lifted its position in shares of Copa by 64.9% during the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company's stock worth $21,038,000 after acquiring an additional 62,789 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CPA. Raymond James Financial reduced their price target on shares of Copa from $195.00 to $185.00 and set a "strong-buy" rating for the company in a research report on Monday, August 24th. Wall Street Zen downgraded shares of Copa from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings restated a "buy (b)" rating on shares of Copa in a research note on Wednesday, November 4th. Finally, UBS Group lowered their price target on shares of Copa from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $172.20.

Copa Company Profile

Copa Holdings, S.A. is a Panama-based airline holding company whose principal operations are conducted through Copa Airlines and its low-cost subsidiary, Wingo. Copa Airlines provides scheduled passenger service and cargo transportation, while Wingo offers lower-cost air travel, primarily in the Colombian market. From its hub at Tocumen International Airport in Panama City, Copa Airlines connects destinations across North, Central and South America and the Caribbean. The hub's location supports connections between cities throughout the region.

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