Insider Selling: Copa (NYSE:CPA) CAO Sells $25,534.50 in Stock

Copa Holdings, S.A. (NYSE:CPA) CAO Juan Alberto Mr Alvarado sold 174 shares of Copa stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $146.75, for a total transaction of $25,534.50. Following the completion of the transaction, the chief accounting officer owned 245 shares in the company, valued at approximately $35,953.75. This trade represents a 41.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Copa Price Performance

NYSE CPA opened at $142.64 on Monday. Copa Holdings, S.A. has a 1 year low of $107.44 and a 1 year high of $160.46. The business’s fifty day moving average is $132.68 and its two-hundred day moving average is $133.46. The stock has a market capitalization of $5.87 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Tuesday, August 11th. Raymond James Financial cut their price objective on Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. Wall Street Zen lowered shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, UBS Group decreased their target price on shares of Copa from $195.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $172.20.

Institutional Investors Weigh In On Copa

A number of institutional investors have recently bought and sold shares of the business. Cullen Capital Management LLC acquired a new position in shares of Copa in the second quarter worth $88,871,000. INCA Investments LLC purchased a new stake in shares of Copa during the first quarter worth $26,950,000. Globeflex Capital L P acquired a new stake in Copa during the second quarter valued at $13,579,000. Quantinno Capital Management LP boosted its position in Copa by 94.7% during the first quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after purchasing an additional 69,838 shares during the last quarter. Finally, Artemis Investment Management LLP boosted 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. 70.09% of the stock is currently owned by institutional investors and hedge funds.

Copa Company Profile

Copa Holdings, SA 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.

The company traces its roots to Compañía Panameña de Aviación, founded in 1947.