Cadence Capital Management LLC decreased its holdings in Copa Holdings, S.A. (NYSE:CPA) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,544 shares of the transportation company’s stock after selling 1,481 shares during the quarter. Cadence Capital Management LLC’s holdings in Copa were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Hosking Partners LLP raised its stake in Copa by 0.6% in the third quarter. Hosking Partners LLP now owns 84,965 shares of the transportation company’s stock valued at $10,581,000 after buying an additional 532 shares during the period. Aperio Group LLC raised its stake in Copa by 5.8% in the fourth quarter. Aperio Group LLC now owns 12,657 shares of the transportation company’s stock valued at $1,697,000 after buying an additional 699 shares during the period. Chicago Equity Partners LLC raised its stake in Copa by 0.7% in the fourth quarter. Chicago Equity Partners LLC now owns 107,430 shares of the transportation company’s stock valued at $14,402,000 after buying an additional 745 shares during the period. Cerebellum GP LLC bought a new stake in Copa in the fourth quarter valued at approximately $126,000. Finally, GSA Capital Partners LLP raised its stake in Copa by 10.3% in the third quarter. GSA Capital Partners LLP now owns 12,562 shares of the transportation company’s stock valued at $1,564,000 after buying an additional 1,168 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Several analysts have issued reports on CPA shares. Zacks Investment Research lowered Copa from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. UBS Group upgraded Copa from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. Cowen increased their target price on Copa from $120.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. upgraded Copa from a “neutral” rating to an “overweight” rating and set a $155.00 target price on the stock in a research note on Tuesday, November 21st. Finally, Santander upgraded Copa from an “underperform” rating to a “hold” rating in a research note on Monday, December 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $135.86.
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Copa Company Profile
Copa Holdings, SA is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama.
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