Key Points
- Copa insider Silva Julio Toro sold 4,000 shares at an average price of $150.45, for proceeds of $601,800. After the transaction, Toro owned 12,405 shares, a 24.38% reduction in his position.
- Analyst sentiment remains broadly positive: 11 analysts rated the stock Buy or Strong Buy and one rated it Hold, with a consensus price target of $172.20.
- Copa shares opened at $143.09; the stock’s reported 12-month range was $107.44 to $160.46.
Copa Holdings, S.A. (NYSE:CPA - Get Free Report) insider Silva Julio Toro sold 4,000 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $150.45, for a total transaction of $601,800.00. Following the completion of the sale, the insider directly owned 12,405 shares in the company, valued at approximately $1,866,332.25. This represents a 24.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Copa Stock Performance
Shares of CPA opened at $143.09 on Friday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.42 and a beta of 1.14. Copa Holdings, S.A. has a 12 month low of $107.44 and a 12 month high of $160.46. The firm has a fifty day simple moving average of $134.24 and a 200 day simple moving average of $133.72. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.
Wall Street Analysts Forecast Growth
CPA has been the topic of several analyst reports. Raymond James Financial cut 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. Wall Street Zen cut Copa from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Copa in a research report on Wednesday, November 4th. Finally, UBS Group dropped their target price on Copa from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $172.20.
View Our Latest Report on CPA
Institutional Investors Weigh In On Copa
Several large investors have recently made changes to their positions in CPA. Benjamin Edwards Inc. bought a new position in shares of Copa in the third quarter valued at $584,000. Private Advisor Group LLC bought a new stake in Copa during the third quarter worth $254,000. Boston Partners raised its position in Copa by 66.0% during the third quarter. Boston Partners now owns 44,649 shares of the transportation company's stock worth $5,887,000 after acquiring an additional 17,751 shares in the last quarter. Muhlenkamp & Co. Inc. bought a new stake in Copa during the third quarter worth $6,581,000. Finally, Cullen Capital Management LLC lifted its stake in Copa by 6.4% in the third quarter. Cullen Capital Management LLC now owns 607,622 shares of the transportation company's stock valued at $80,115,000 after acquiring an additional 36,359 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company's stock.
About Copa
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
