State Board of Administration of Florida Retirement System lowered its stake in shares of Copa Holdings, S.A. (NYSE:CPA – Get Rating) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,121 shares of the transportation company’s stock after selling 5,954 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.09% of Copa worth $2,352,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Ethic Inc. grew its holdings in Copa by 63.3% during the first quarter. Ethic Inc. now owns 34,599 shares of the transportation company’s stock worth $2,894,000 after buying an additional 13,417 shares in the last quarter. Capital Fund Management S.A. bought a new position in Copa in the 1st quarter valued at $5,394,000. Alyeska Investment Group L.P. grew its stake in Copa by 10.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 603,860 shares of the transportation company’s stock valued at $50,507,000 after purchasing an additional 56,148 shares during the period. Paradice Investment Management LLC bought a new position in Copa in the 1st quarter valued at $6,934,000. Finally, Seven Eight Capital LP grew its stake in Copa by 19.4% in the 1st quarter. Seven Eight Capital LP now owns 3,658 shares of the transportation company’s stock valued at $306,000 after purchasing an additional 594 shares during the period. Institutional investors own 76.92% of the company’s stock.
Copa Stock Performance
Shares of NYSE CPA opened at $74.52 on Wednesday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 11.72 and a beta of 1.29. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 1.04. Copa Holdings, S.A. has a 1-year low of $55.25 and a 1-year high of $97.63. The stock’s 50-day moving average is $73.04 and its 200 day moving average is $69.62.
Analyst Ratings Changes
Copa Company Profile
Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft.
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