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

Copa Holdings, S.A. (NYSE:CPA) insider Silva Julio Toro sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $150.45, for a total value of $601,800.00. Following the completion of the transaction, the insider directly owned 12,405 shares of the company’s stock, valued at approximately $1,866,332.25. The trade was a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Copa Stock Down 3.9%

Shares of Copa stock opened at $143.09 on Friday. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The business has a 50-day moving average of $134.24 and a two-hundred day moving average of $133.72. The company has a market capitalization of $5.89 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPA. Raymond James Financial decreased their price objective on Copa from $195.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Monday, August 24th. UBS Group cut their price target on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen cut shares of Copa from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a report on Wednesday, November 4th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $172.20.

Institutional Trading of Copa

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Copa by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after buying an additional 52,243 shares during the period. Cullen Capital Management LLC acquired a new stake in Copa in the 2nd quarter valued at approximately $88,871,000. Sei Investments Co. raised its position in 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 buying an additional 17,113 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after acquiring an additional 62,789 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Copa by 45.5% in the 1st quarter. Bank of America Corp DE now owns 181,594 shares of the transportation company’s stock valued at $20,631,000 after acquiring an additional 56,764 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.