Copa Holdings, S.A. (NYSE:CPA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 284,796 shares of the transportation company’s stock after selling 922 shares during the quarter. Victory Capital Management Inc.’s holdings in Copa were worth $26,725,000 as of its most recent filing with the SEC.

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

Copa Price Performance

Shares of CPA opened at $102.56 on Monday. 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 company has a market cap of $4.04 billion, a P/E ratio of 6.28, a PEG ratio of 0.64 and a beta of 1.48. Copa Holdings, S.A. has a 12 month low of $80.01 and a 12 month high of $114.00. The stock has a fifty day moving average price of $95.65 and a 200 day moving average price of $94.97.

Wall Street Analyst Weigh In

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