Marathon Asset Management Ltd Purchases 34,982 Shares of Copa Holdings, S.A. $CPA

Marathon Asset Management Ltd grew its position in Copa Holdings, S.A. (NYSE:CPA) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 409,572 shares of the transportation company’s stock after acquiring an additional 34,982 shares during the period. Copa accounts for approximately 1.9% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 21st biggest holding. Marathon Asset Management Ltd’s holdings in Copa were worth $49,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Copa by 56.1% during the first quarter. Goldman Sachs Group Inc. now owns 340,554 shares of the transportation company’s stock worth $31,488,000 after acquiring an additional 122,413 shares during the last quarter. Invesco Ltd. boosted its position in shares of Copa by 585.6% during the second quarter. Invesco Ltd. now owns 94,361 shares of the transportation company’s stock worth $10,377,000 after acquiring an additional 80,598 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Copa during the second quarter worth $435,000. NewEdge Advisors LLC bought a new position in shares of Copa during the second quarter worth $1,419,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Copa during the second quarter worth $12,875,000. 70.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price objective on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Evercore reiterated an “outperform” rating and set a $175.00 price objective on shares of Copa in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Copa in a research report on Wednesday, January 21st. Finally, Bank of America lowered their price objective on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $165.80.

Copa Price Performance

CPA stock opened at $127.95 on Wednesday. Copa Holdings, S.A. has a 52 week low of $99.32 and a 52 week high of $156.41. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $117.94 and a two-hundred day simple moving average of $125.52. The firm has a market capitalization of $5.26 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Copa (NYSE:CPA) last announced its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $4.28 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts anticipate that Copa Holdings, S.A. will post 15.74 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 5.3%. Copa’s dividend payout ratio is currently 39.88%.

Copa Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.