Marathon Asset Management Ltd Grows Stock Holdings in Copa Holdings, S.A. $CPA

Marathon Asset Management Ltd increased its stake in shares of Copa Holdings, S.A. (NYSE:CPA) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 409,572 shares of the transportation company’s stock after purchasing an additional 34,982 shares during the period. Copa makes up 1.9% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 21st largest holding. Marathon Asset Management Ltd owned 0.99% of Copa worth $49,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Copa by 408.2% during the third quarter. CWM LLC now owns 249 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE raised its holdings in shares of Copa by 90.2% during the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Copa during the third quarter valued at approximately $36,000. Jones Financial Companies Lllp raised its holdings in shares of Copa by 100.0% during the third quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 182 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Copa during the third quarter valued at approximately $50,000. 70.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPA. UBS Group decreased their price objective on shares of Copa from $190.00 to $185.00 and set a “buy” rating for the company in a report on Friday, March 27th. Barclays reduced their target price on shares of Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. reduced their target price on shares of Copa from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Wall Street Zen raised shares of Copa from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Evercore reaffirmed an “outperform” rating and set a $175.00 target price on shares of Copa in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $165.80.

Copa Stock Down 4.5%

Shares of CPA stock opened at $127.95 on Wednesday. Copa Holdings, S.A. has a 12 month low of $99.32 and a 12 month high of $156.41. The stock has a market cap of $5.26 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $117.94 and a two-hundred day simple moving average of $125.52.

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

Copa Dividend Announcement

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

About Copa

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.