Fourth Sail Capital LP Buys 48,692 Shares of Copa Holdings, S.A. (NYSE:CPA)

Fourth Sail Capital LP increased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 45.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,985 shares of the transportation company’s stock after buying an additional 48,692 shares during the quarter. Copa accounts for about 3.7% of Fourth Sail Capital LP’s portfolio, making the stock its 10th biggest holding. Fourth Sail Capital LP owned about 0.40% of Copa worth $14,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hexagon Capital Partners LLC increased its stake in shares of Copa by 14.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 892 shares of the transportation company’s stock worth $85,000 after purchasing an additional 116 shares during the last quarter. Carson Advisory Inc. lifted its holdings in Copa by 9.1% during the 2nd quarter. Carson Advisory Inc. now owns 3,696 shares of the transportation company’s stock valued at $352,000 after purchasing an additional 308 shares during the last quarter. First Hawaiian Bank grew its stake in Copa by 8.8% in the 2nd quarter. First Hawaiian Bank now owns 5,440 shares of the transportation company’s stock valued at $518,000 after buying an additional 440 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Copa by 15.1% during the second quarter. Bank of New York Mellon Corp now owns 4,336 shares of the transportation company’s stock worth $413,000 after acquiring an additional 569 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Copa by 29.3% during the second quarter. Mackenzie Financial Corp now owns 2,690 shares of the transportation company’s stock worth $256,000 after acquiring an additional 610 shares during the period. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Stock Performance

CPA stock opened at $102.56 on Monday. The firm has a market cap of $4.04 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $95.65 and a 200-day moving average price of $94.97. Copa Holdings, S.A. has a 1-year low of $80.01 and a 1-year high of $114.00.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPA. Deutsche Bank Aktiengesellschaft lowered their price objective on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. 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 note on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. StockNews.com cut shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Cowen decreased their price target on Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Copa has an average rating of “Buy” and an average target price of $148.83.

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.