Marathon Asset Management Ltd Buys 6,723 Shares of Copa Holdings, S.A. (NYSE:CPA)

Marathon Asset Management Ltd raised its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 521,402 shares of the transportation company's stock after purchasing an additional 6,723 shares during the period. Copa accounts for approximately 1.3% of Marathon Asset Management Ltd's portfolio, making the stock its 25th largest holding. Marathon Asset Management Ltd owned 1.24% of Copa worth $45,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc grew its holdings in Copa by 29.6% during the third quarter. Bell Investment Advisors Inc now owns 626 shares of the transportation company's stock valued at $59,000 after purchasing an additional 143 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Copa during the third quarter worth $82,000. SG Americas Securities LLC lifted its position in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares in the last quarter. Optimist Retirement Group LLC purchased a new stake in shares of Copa during the third quarter worth $240,000. Finally, Hyperion Capital Advisors LP purchased a new stake in shares of Copa during the third quarter worth $282,000. 70.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CPA. Cowen restated a "buy" rating on shares of Copa in a research report on Tuesday, February 18th. UBS Group increased their target price on Copa from $160.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded Copa from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $153.29.

Copa Price Performance

Shares of CPA stock traded up $3.36 on Wednesday, reaching $95.75. The company's stock had a trading volume of 403,285 shares, compared to its average volume of 284,167. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a 12-month low of $80.01 and a 12-month high of $114.00. The company has a market capitalization of $4.03 billion, a P/E ratio of 6.58, a PEG ratio of 0.87 and a beta of 1.42. The stock's 50 day simple moving average is $91.62 and its 200-day simple moving average is $92.89.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.84 by $0.15. Copa had a return on equity of 26.70% and a net margin of 17.67%. As a group, equities analysts predict that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.61 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $6.44 dividend on an annualized basis and a yield of 6.73%. Copa's dividend payout ratio is presently 44.23%.

Copa 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.