Marathon Asset Management Ltd Purchases 8,524 Shares of Copa Holdings, S.A. (NYSE:CPA)

Marathon Asset Management Ltd grew its stake in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 1.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 514,679 shares of the transportation company's stock after acquiring an additional 8,524 shares during the period. Copa comprises 1.3% of Marathon Asset Management Ltd's investment portfolio, making the stock its 24th biggest position. Marathon Asset Management Ltd owned approximately 1.31% of Copa worth $48,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPA. Vontobel Holding Ltd. grew its position in shares of Copa by 7,848.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 418,588 shares of the transportation company's stock valued at $39,280,000 after acquiring an additional 413,322 shares during the period. Sprucegrove Investment Management Ltd. grew its position in shares of Copa by 8.3% during the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 3,086,189 shares of the transportation company's stock valued at $293,743,000 after acquiring an additional 236,850 shares during the period. Capital World Investors grew its position in shares of Copa by 3.7% during the 1st quarter. Capital World Investors now owns 4,068,558 shares of the transportation company's stock valued at $423,781,000 after acquiring an additional 144,806 shares during the period. Raymond James & Associates grew its position in shares of Copa by 61.4% during the 2nd quarter. Raymond James & Associates now owns 294,710 shares of the transportation company's stock valued at $28,050,000 after acquiring an additional 112,143 shares during the period. Finally, Sei Investments Co. boosted its holdings in Copa by 34.8% in the 1st quarter. Sei Investments Co. now owns 346,078 shares of the transportation company's stock worth $36,047,000 after buying an additional 89,354 shares during the period. 70.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Copa Price Performance

Shares of CPA traded up $0.31 during trading hours on Friday, reaching $102.04. 309,147 shares of the company's stock traded hands, compared to its average volume of 278,825. The stock has a market cap of $4.02 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.56. The firm's 50 day simple moving average is $91.86 and its 200-day simple moving average is $95.16. Copa Holdings, S.A. has a 12 month low of $78.12 and a 12 month high of $114.00.

Copa (NYSE:CPA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The transportation company reported $2.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 30.81% and a net margin of 19.31%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $3.92 EPS. Equities analysts expect that Copa Holdings, S.A. will post 14.56 EPS for the current year.

Copa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $1.61 per share. The ex-dividend date was Friday, August 30th. This represents a $6.44 dividend on an annualized basis and a dividend yield of 6.31%. Copa's dividend payout ratio (DPR) is presently 46.33%.

Copa Profile

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.