Apollon Wealth Management LLC Takes $457,000 Position in Copa Holdings, S.A. (NYSE:CPA)

Apollon Wealth Management LLC purchased a new stake in Copa Holdings, S.A. (NYSE:CPA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,869 shares of the transportation company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carrhae Capital LLP acquired a new stake in shares of Copa during the third quarter worth about $52,166,000. Vontobel Holding Ltd. lifted its position in Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company’s stock worth $39,280,000 after acquiring an additional 413,322 shares during the period. Sprucegrove Investment Management Ltd. grew its stake in shares of 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 purchasing an additional 236,850 shares during the last quarter. Capital World Investors grew its stake in shares of Copa by 3.7% in the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company’s stock valued at $423,781,000 after purchasing an additional 144,806 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Copa by 61.4% during the second quarter. Raymond James & Associates now owns 294,710 shares of the transportation company’s stock worth $28,050,000 after purchasing an additional 112,143 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CPA. TD Cowen dropped their price objective 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. JPMorgan Chase & Co. cut their price target 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. Evercore ISI lowered their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. StockNews.com downgraded Copa from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft 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 Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Copa presently has an average rating of “Buy” and a consensus target price of $148.83.

Copa Stock Down 1.2 %

CPA opened at $102.56 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.89 and a current ratio of 0.98. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 0.62 and a beta of 1.48. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The business’s fifty day moving average is $95.65 and its two-hundred day moving average is $94.99.

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.