Copa Holdings, S.A. (NYSE:CPA) Holdings Lowered by Marathon Asset Management Ltd

Marathon Asset Management Ltd reduced its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,207 shares of the transportation company's stock after selling 28,195 shares during the quarter. Copa comprises approximately 1.4% of Marathon Asset Management Ltd's holdings, making the stock its 23rd largest position. Marathon Asset Management Ltd owned 1.17% of Copa worth $45,602,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Copa during the 4th quarter worth $1,004,000. VELA Investment Management LLC boosted its position in Copa by 8.3% during the 4th quarter. VELA Investment Management LLC now owns 35,042 shares of the transportation company's stock worth $3,079,000 after acquiring an additional 2,671 shares during the period. U S Global Investors Inc. boosted its position in Copa by 6.9% during the 4th quarter. U S Global Investors Inc. now owns 60,880 shares of the transportation company's stock worth $5,350,000 after acquiring an additional 3,912 shares during the period. Fourth Sail Capital LP boosted its position in Copa by 32.4% during the 4th quarter. Fourth Sail Capital LP now owns 207,790 shares of the transportation company's stock worth $18,261,000 after acquiring an additional 50,805 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Copa by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock worth $236,000 after acquiring an additional 521 shares during the period. 70.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on CPA shares. Cowen reiterated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. Wall Street Zen upgraded Copa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $153.00.

Copa Price Performance

Shares of Copa stock traded up $1.09 during trading on Friday, hitting $108.04. The stock had a trading volume of 322,665 shares, compared to its average volume of 319,618. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market cap of $4.45 billion, a P/E ratio of 7.37, a PEG ratio of 0.76 and a beta of 1.33. The business has a fifty day moving average of $101.59 and a two-hundred day moving average of $94.75. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $110.73.

Copa (NYSE:CPA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.77 by $0.51. Copa had a return on equity of 25.91% and a net margin of 17.66%. The business had revenue of $899.18 million during the quarter, compared to the consensus estimate of $888.82 million. During the same period in the prior year, the business posted $4.19 earnings per share. Copa's revenue was up .6% compared to the same quarter last year. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $1.61 per share. This represents a $6.44 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, May 30th. Copa's dividend payout ratio is 43.96%.

Copa Company Profile

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.