Aptus Capital Advisors LLC Has $3.54 Million Holdings in Copa Holdings, S.A. (NYSE:CPA)

Aptus Capital Advisors LLC increased its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 15.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,742 shares of the transportation company’s stock after acquiring an additional 5,054 shares during the quarter. Aptus Capital Advisors LLC owned 0.10% of Copa worth $3,542,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GSA Capital Partners LLP raised its holdings in shares of Copa by 240.5% during the third quarter. GSA Capital Partners LLP now owns 10,375 shares of the transportation company’s stock valued at $974,000 after acquiring an additional 7,328 shares during the period. Apollon Wealth Management LLC acquired a new position in Copa in the 3rd quarter valued at approximately $457,000. CWA Asset Management Group LLC acquired a new position in Copa in the 3rd quarter valued at approximately $611,000. VELA Investment Management LLC increased its stake in Copa by 14.1% in the 3rd quarter. VELA Investment Management LLC now owns 32,371 shares of the transportation company’s stock valued at $3,038,000 after buying an additional 3,995 shares during the period. Finally, Oldfield Partners LLP increased its stake in Copa by 6.9% in the 3rd quarter. Oldfield Partners LLP now owns 13,900 shares of the transportation company’s stock valued at $1,304,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Price Performance

Shares of Copa stock opened at $100.13 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.98 and a quick ratio of 0.89. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $114.00. The firm has a fifty day moving average price of $95.09 and a two-hundred day moving average price of $94.90. The company has a market cap of $3.95 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.61 and a beta of 1.48.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Evercore ISI dropped their price target on shares of Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. TD Cowen 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 Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Copa from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.