6 Best Airline Stocks To Buy According to Hedge Funds

5. Copa Holdings, S.A. (NYSE:CPA)

Number of Hedge Fund Holders: 26

Copa Holdings, S.A. (NYSE:CPA) is the parent of Panamanian carrier Copa Airlines. Recently, Copa Holdings, S.A. (NYSE:CPA) posted traffic data for February.  Seat miles in the period increased by 2.6% in the month when compared to February 2019. The number of miles flown by revenue passengers increased 5.4% when compared to February 2019 to 1.72 billion.

In January, JPMorgan’s analyst Guilherme gave positive comments about Copa Holdings, S.A. (NYSE:CPA). The analyst said Copa Holdings, S.A. (NYSE:CPA) has a comfortable balance sheet situation. The analyst also said that Copa Holdings, S.A. (NYSE:CPA)’s immediate liquidity over short-term payables is the best among the LatAm group.

At the end of the last quarter of 2022, 26 hedge funds tracked by Insider Monkey had stakes in Copa Holdings, S.A. (NYSE:CPA). The most notable hedge fund stakeholders of Copa Holdings, S.A. (NYSE:CPA) during this period are Ken Griffin’s Citadel Investment Group ($75.2 million stake), Paul Marshall and Ian Wace’s Marshall Wace LLP ($53.4 million stake) and Anand Parekh’s Alyeska Investment Group ($47 million stake).