Copa Holdings, S.A. (NYSE:CPA) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its position in shares of Copa Holdings, S.A. (NYSE:CPA) by 20.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 46,743 shares of the transportation company’s stock after buying an additional 7,948 shares during the period. Landscape Capital Management L.L.C.’s holdings in Copa were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Capital World Investors raised its stake in shares of Copa by 3.7% during the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock worth $423,781,000 after buying an additional 144,806 shares during the period. Sprucegrove Investment Management Ltd. grew its holdings in Copa by 8.3% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company’s stock valued at $293,743,000 after buying an additional 236,850 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Copa by 1.9% in the second quarter. Renaissance Technologies LLC now owns 871,928 shares of the transportation company’s stock valued at $82,990,000 after purchasing an additional 16,100 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Copa by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 829,478 shares of the transportation company’s stock worth $78,950,000 after buying an additional 65,525 shares during the last quarter. Finally, Carrhae Capital LLP acquired a new stake in Copa during the third quarter worth $52,166,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE CPA opened at $105.83 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.67 and a beta of 1.48. The business’s 50 day moving average is $96.81 and its two-hundred day moving average is $95.11.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPA. Evercore ISI reduced 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. 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 research note on Thursday, August 29th. Finally, TD Cowen cut their target price on shares of Copa from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Copa currently has an average rating of “Buy” and a consensus price target 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.