Marathon Asset Management Ltd Sells 28,162 Shares of Copa Holdings, S.A. $CPA

Marathon Asset Management Ltd cut its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 7.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,590 shares of the transportation company’s stock after selling 28,162 shares during the period. Copa accounts for 1.6% of Marathon Asset Management Ltd’s holdings, making the stock its 28th biggest holding. Marathon Asset Management Ltd owned about 0.91% of Copa worth $44,508,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CPA. Burney Co. purchased a new stake in Copa during the third quarter worth $704,000. Quad Cities Investment Group LLC lifted its stake in shares of Copa by 4.4% during the 3rd quarter. Quad Cities Investment Group LLC now owns 7,568 shares of the transportation company’s stock worth $899,000 after purchasing an additional 320 shares during the last quarter. CWM LLC boosted its position in 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 in the last quarter. Farther Finance Advisors LLC grew its stake in Copa by 271.4% in the third quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Copa in the third quarter worth about $223,000. Institutional investors own 70.09% of the company’s stock.

Copa Trading Up 0.0%

NYSE:CPA opened at $121.65 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $122.21 and a 200-day simple moving average of $117.12. Copa Holdings, S.A. has a 12 month low of $82.54 and a 12 month high of $130.00. The company has a market capitalization of $5.01 billion, a P/E ratio of 7.57, a PEG ratio of 1.45 and a beta of 0.90.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, November 19th. The transportation company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.17. The company had revenue of $913.15 million during the quarter, compared to analyst estimates of $917.51 million. Copa had a return on equity of 26.39% and a net margin of 18.83%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. On average, equities research analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $1.61 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.3%. Copa’s payout ratio is 40.05%.

Analyst Upgrades and Downgrades

Several analysts have commented on CPA shares. Wall Street Zen raised shares of Copa from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Evercore ISI increased their target price on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. cut their price target on shares of Copa from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Raymond James Financial set a $164.00 price target on Copa and gave the stock a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Copa in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $159.43.

Copa Company 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.