Baillie Gifford & Co. Sells 24,334 Shares of Copa Holdings, S.A. (NYSE:CPA)

Baillie Gifford & Co. trimmed its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,577,128 shares of the transportation company’s stock after selling 24,334 shares during the quarter. Baillie Gifford & Co. owned approximately 9.07% of Copa worth $335,678,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Carrhae Capital LLP purchased a new position in Copa during the third quarter valued at $52,166,000. Vontobel Holding Ltd. lifted its position in Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock valued at $39,280,000 after acquiring an additional 413,322 shares during the period. Sprucegrove Investment Management Ltd. boosted its stake in Copa by 8.3% during the second quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock worth $293,743,000 after acquiring an additional 236,850 shares in the last quarter. Capital World Investors grew its holdings in Copa by 3.7% in the first quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock worth $423,781,000 after purchasing an additional 144,806 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Copa by 61.4% during the second quarter. Raymond James & Associates now owns 294,710 shares of the transportation company’s stock valued at $28,050,000 after purchasing an additional 112,143 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

Copa Price Performance

NYSE CPA opened at $99.36 on Tuesday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.61 and a beta of 1.48. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. The business’s fifty day moving average price is $94.66 and its 200-day moving average price is $94.87.

Analyst Upgrades and Downgrades

CPA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a report on Friday. Evercore ISI lowered their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, TD Cowen decreased their price target on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $148.83.

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.