Marathon Asset Management Ltd Has $48.30 Million Holdings in Copa Holdings, S.A. (NYSE:CPA)

Marathon Asset Management Ltd lifted its stake in Copa Holdings, S.A. (NYSE:CPA) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 514,679 shares of the transportation company’s stock after buying an additional 8,524 shares during the period. Copa makes up approximately 1.3% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 24th biggest position. Marathon Asset Management Ltd’s holdings in Copa were worth $48,297,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of Copa during the 4th quarter worth approximately $1,083,000. Nomura Holdings Inc. acquired a new stake in Copa in the fourth quarter valued at about $202,000. Signet Financial Management LLC bought a new position in Copa in the first quarter valued at about $332,000. Deltec Asset Management LLC raised its stake in Copa by 38.9% during the first quarter. Deltec Asset Management LLC now owns 116,071 shares of the transportation company’s stock worth $12,090,000 after acquiring an additional 32,526 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Copa by 15.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 776 shares of the transportation company’s stock valued at $81,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE:CPA opened at $101.77 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.56. Copa Holdings, S.A. has a twelve month low of $78.12 and a twelve month high of $114.00. The company has a fifty day moving average of $91.58 and a 200-day moving average of $95.17. The firm has a market capitalization of $4.01 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.59 and a beta of 1.49.

Copa (NYSE:CPA) last posted its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.11. The firm had revenue of $819.40 million during the quarter, compared to the consensus estimate of $838.13 million. Copa had a net margin of 19.31% and a return on equity of 30.81%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.92 earnings per share. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 14.56 EPS for the current year.

Copa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.61 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a yield of 6.33%. Copa’s dividend payout ratio (DPR) is presently 46.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPA shares. TD Cowen dropped their price objective on shares of Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Copa from $180.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Copa from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com upgraded Copa from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, Evercore ISI lowered their price objective on Copa from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Copa has a consensus rating of “Buy” and a consensus price target of $148.83.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 327 daily scheduled flights to 78 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2022, it operated a fleet of 97 aircraft comprising 67 Boeing 737-800 Next Generation aircraft, 9 Boeing 737-700 Next Generation aircraft, 1 Boeing 737-800 Boeing Converted Freighter, and 20 737-MAX aircraft.