North of South Capital LLP Purchases New Position in Copa Holdings, S.A. $CPA

North of South Capital LLP purchased a new stake in Copa Holdings, S.A. (NYSE:CPA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 24,345 shares of the transportation company’s stock, valued at approximately $3,210,000. Copa comprises 0.2% of North of South Capital LLP’s investment portfolio, making the stock its 20th largest holding.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Copa by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after purchasing an additional 52,243 shares in the last quarter. Cullen Capital Management LLC acquired a new position in shares of Copa in the 2nd quarter valued at $88,871,000. Sei Investments Co. lifted its stake in shares of Copa by 5.1% in the 1st quarter. Sei Investments Co. now owns 351,310 shares of the transportation company’s stock valued at $39,912,000 after purchasing an additional 17,113 shares during the period. Bank of America Corp DE boosted its holdings in Copa by 45.5% during the first quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company’s stock worth $20,631,000 after buying an additional 56,764 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Copa by 64.9% during the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock worth $21,038,000 after buying an additional 62,789 shares in the last quarter. 70.09% of the stock is owned by institutional investors and hedge funds.

Copa Price Performance

Shares of NYSE CPA traded down $1.88 during trading on Friday, hitting $140.94. The company had a trading volume of 309,378 shares, compared to its average volume of 349,676. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The stock has a fifty day simple moving average of $134.48 and a two-hundred day simple moving average of $133.74. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.72. Copa Holdings, S.A. has a fifty-two week low of $107.44 and a fifty-two week high of $160.46.

Analysts Set New Price Targets

Several analysts recently commented on CPA shares. Raymond James Financial dropped their price target on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Monday, August 24th. UBS Group dropped their price objective on Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, November 4th. Finally, Wall Street Zen cut Copa from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Copa presently has an average rating of “Buy” and a consensus price target of $172.20.

Copa Profile

Copa Holdings, S.A. is a Panama-based airline holding company whose principal operations are conducted through Copa Airlines and its low-cost subsidiary, Wingo. Copa Airlines provides scheduled passenger service and cargo transportation, while Wingo offers lower-cost air travel, primarily in the Colombian market. From its hub at Tocumen International Airport in Panama City, Copa Airlines connects destinations across North, Central and South America and the Caribbean. The hub’s location supports connections between cities throughout the region.