Copa (NYSE:CPA) Insider Silva Julio Toro Sells 4,000 Shares of Stock

Copa Holdings, S.A. (NYSE:CPA) insider Silva Julio Toro sold 4,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $150.45, for a total value of $601,800.00. Following the sale, the insider directly owned 12,405 shares in the company, valued at $1,866,332.25. This trade represents a 24.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Copa Price Performance

NYSE CPA traded down $3.62 during trading hours on Thursday, hitting $145.35. The company had a trading volume of 76,068 shares, compared to its average volume of 375,959. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.42 and a beta of 1.14. Copa Holdings, S.A. has a 52 week low of $107.44 and a 52 week high of $160.46. The firm has a 50 day simple moving average of $133.96 and a 200 day simple moving average of $133.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Copa by 3.9% in the first 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 during the last quarter. Cullen Capital Management LLC purchased a new stake in Copa in the second quarter valued at approximately $88,871,000. Sei Investments Co. raised its stake in Copa by 5.1% in the first 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 in the last quarter. Artemis Investment Management LLP lifted its position in Copa by 64.9% during the third quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after purchasing an additional 62,789 shares during the last quarter. Finally, Bank of America Corp DE lifted its position 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 valued at $20,631,000 after purchasing an additional 56,764 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research report on Wednesday, November 4th. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group decreased their target price on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Raymond James Financial lowered their target price on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $172.20.

About Copa

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.