Marathon Capital Management Reduces Copa Holdings Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2026
0mins
Source: Fool
- Share Reduction Details: Marathon Capital Management reduced its stake in Copa Holdings by 23,765 shares in Q1 2026, with an estimated trade value of $3.12 million, indicating a portfolio adjustment despite the stock's 34.37% rise over the past year.
- Value Change in Holdings: Following the sale, the quarter-end value of Copa Holdings decreased by $3.06 million, with the firm now holding 27,788 shares valued at $3.16 million, representing 0.71% of the fund's AUM, highlighting a diminished significance of this investment.
- Portfolio Dynamics: This transaction has resulted in Copa Holdings falling out of the top five holdings in Marathon's portfolio, suggesting a strategic optimization and adjustment in response to market conditions.
- Market Performance Analysis: Although Copa Holdings has performed well over the past year, it still underperformed the S&P 500 by 6.9 percentage points, reflecting competitive pressures and potential risks in the Latin American airline market.
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Analyst Views on CPA
Wall Street analysts forecast CPA stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 142.160
Low
141.00
Averages
157.00
High
170.00
Current: 142.160
Low
141.00
Averages
157.00
High
170.00
About CPA
Copa Holdings, S.A. is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. Its subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Marathon Capital Management Reduces Stake in Copa Holdings
- Share Reduction Transaction: Marathon Capital Management sold 23,765 shares of Copa Holdings in Q1 2026, with an estimated trade value of $3.12 million, reflecting the firm's strategic adjustments amid market fluctuations.
- Decline in Position Value: This transaction resulted in a $3.06 million decrease in the quarter-end value of Marathon's position in Copa, highlighting the direct impact of market price changes on the investment portfolio.
- Change in Ownership Proportion: Marathon now holds 27,788 shares of Copa Holdings valued at $3.16 million, which accounts for 0.71% of its assets under management, thus removing Copa from its top five holdings.
- Market Performance Analysis: Despite Copa Holdings' stock rising nearly 19% over the past year, this reduction appears more as portfolio housekeeping rather than a shift in outlook, underscoring its unique competitive advantages in the Latin American airline market.
See More
Marathon Capital Management Reduces Copa Holdings Stake
- Share Reduction Details: Marathon Capital Management reduced its stake in Copa Holdings by 23,765 shares in Q1 2026, with an estimated trade value of $3.12 million, indicating a portfolio adjustment despite the stock's 34.37% rise over the past year.
- Value Change in Holdings: Following the sale, the quarter-end value of Copa Holdings decreased by $3.06 million, with the firm now holding 27,788 shares valued at $3.16 million, representing 0.71% of the fund's AUM, highlighting a diminished significance of this investment.
- Portfolio Dynamics: This transaction has resulted in Copa Holdings falling out of the top five holdings in Marathon's portfolio, suggesting a strategic optimization and adjustment in response to market conditions.
- Market Performance Analysis: Although Copa Holdings has performed well over the past year, it still underperformed the S&P 500 by 6.9 percentage points, reflecting competitive pressures and potential risks in the Latin American airline market.
See More
Copa Holdings Reports Strong Q1 2026 Earnings Amid Fuel Challenges
- Strong Financial Performance: Copa Holdings reported a net profit of $212 million for Q1 2026, translating to $5.16 per share with a net margin of 20.2%, demonstrating the company's profitability and operational efficiency in a high-demand environment.
- Network Expansion: The company has resumed service to five cities in Venezuela and plans to restart Barcelona in June, further solidifying its position in the South American market, with operations expected to cover 87 destinations across 32 countries.
- Fuel Cost Challenges: The CFO indicated that jet fuel prices are expected to rise by 80% to 90% year-over-year in Q2, although the company anticipates partially offsetting this through increased revenues, reflecting a cautious optimism regarding future profitability.
- Long-Term Growth Strategy: Copa announced an order for 40 Boeing 737-MAX aircraft with delivery scheduled between 2030 and 2034, indicating strategic decisions aimed at expanding its fleet and enhancing operational flexibility to support future business growth.
See More
Copa Holdings Declares $1.71 Quarterly Dividend
- Dividend Stability: Copa Holdings declares a quarterly dividend of $1.71 per share, consistent with previous distributions, indicating the company's strong cash flow management and profitability, which is likely to attract more income-focused investors.
- Earnings Beat: The company reports a GAAP EPS of $5.16, exceeding expectations by $1.20, demonstrating robust operational efficiency and demand, which may further enhance investor confidence.
- Revenue Growth: Copa Holdings' revenue of $1.05 billion surpasses market expectations by $20 million, reflecting strong performance in the airline market and effective cost control strategies, potentially driving future stock price increases.
- Traffic Surge: The company reports a 16.7% surge in traffic for April 2026, with a stable load factor of 86.8%, showcasing its success in capitalizing on the recovering travel demand and further solidifying its market position.
See More
Copa Holdings Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Copa Holdings reported a Q1 GAAP EPS of $5.16, beating expectations by $1.20, indicating a significant improvement in profitability that is likely to positively impact stock prices.
- Robust Revenue Growth: The company achieved $1.05 billion in revenue for Q1, reflecting a 16.8% year-over-year increase and surpassing market expectations by $20 million, demonstrating sustained strong market demand and promising future growth potential.
- Operational Efficiency Gains: With an operating margin of 24.6% and a net margin of 20.2%, both up by 0.8 and 0.5 percentage points year-over-year, the company showcases effective strategies in cost control and revenue enhancement.
- Solid Financial Position: By the end of Q1, Copa Holdings held approximately $1.5 billion in cash and short-term investments, representing 40% of the last twelve months' revenues, while the adjusted net debt to EBITDA ratio stood at 0.7, indicating a healthy financial status.
See More
Copa Holdings to Report Q1 Earnings on May 13
- Earnings Announcement: Copa Holdings is set to report its Q1 earnings on May 13, with analysts forecasting an EPS of $4.42 and revenue of $1.03 billion, indicating potential growth in the recovering airline industry.
- Market Reaction: Ahead of the earnings report, Copa Holdings' stock fell by 0.9% on Tuesday, reflecting market caution regarding the upcoming financial data, which may impact investor confidence.
- Analyst Focus: Market analysts are closely monitoring Copa Holdings' earnings, particularly the sustainability of its profitability and revenue growth, which will significantly influence future stock price movements.
- Industry Context: Against the backdrop of a recovering airline industry, Copa Holdings' earnings report will provide critical indicators of industry health, especially as global travel demand rebounds.
See More
Marathon Capital Management Reduces Stake in Copa Holdings
- Share Reduction Transaction: Marathon Capital Management sold 23,765 shares of Copa Holdings in Q1 2026, with an estimated trade value of $3.12 million, reflecting the firm's strategic adjustments amid market fluctuations.
- Decline in Position Value: This transaction resulted in a $3.06 million decrease in the quarter-end value of Marathon's position in Copa, highlighting the direct impact of market price changes on the investment portfolio.
- Change in Ownership Proportion: Marathon now holds 27,788 shares of Copa Holdings valued at $3.16 million, which accounts for 0.71% of its assets under management, thus removing Copa from its top five holdings.
- Market Performance Analysis: Despite Copa Holdings' stock rising nearly 19% over the past year, this reduction appears more as portfolio housekeeping rather than a shift in outlook, underscoring its unique competitive advantages in the Latin American airline market.
See More
Marathon Capital Management Reduces Copa Holdings Stake
- Share Reduction Details: Marathon Capital Management reduced its stake in Copa Holdings by 23,765 shares in Q1 2026, with an estimated trade value of $3.12 million, indicating a portfolio adjustment despite the stock's 34.37% rise over the past year.
- Value Change in Holdings: Following the sale, the quarter-end value of Copa Holdings decreased by $3.06 million, with the firm now holding 27,788 shares valued at $3.16 million, representing 0.71% of the fund's AUM, highlighting a diminished significance of this investment.
- Portfolio Dynamics: This transaction has resulted in Copa Holdings falling out of the top five holdings in Marathon's portfolio, suggesting a strategic optimization and adjustment in response to market conditions.
- Market Performance Analysis: Although Copa Holdings has performed well over the past year, it still underperformed the S&P 500 by 6.9 percentage points, reflecting competitive pressures and potential risks in the Latin American airline market.
See More
Copa Holdings Reports Strong Q1 2026 Earnings Amid Fuel Challenges
- Strong Financial Performance: Copa Holdings reported a net profit of $212 million for Q1 2026, translating to $5.16 per share with a net margin of 20.2%, demonstrating the company's profitability and operational efficiency in a high-demand environment.
- Network Expansion: The company has resumed service to five cities in Venezuela and plans to restart Barcelona in June, further solidifying its position in the South American market, with operations expected to cover 87 destinations across 32 countries.
- Fuel Cost Challenges: The CFO indicated that jet fuel prices are expected to rise by 80% to 90% year-over-year in Q2, although the company anticipates partially offsetting this through increased revenues, reflecting a cautious optimism regarding future profitability.
- Long-Term Growth Strategy: Copa announced an order for 40 Boeing 737-MAX aircraft with delivery scheduled between 2030 and 2034, indicating strategic decisions aimed at expanding its fleet and enhancing operational flexibility to support future business growth.
See More
Copa Holdings Declares $1.71 Quarterly Dividend
- Dividend Stability: Copa Holdings declares a quarterly dividend of $1.71 per share, consistent with previous distributions, indicating the company's strong cash flow management and profitability, which is likely to attract more income-focused investors.
- Earnings Beat: The company reports a GAAP EPS of $5.16, exceeding expectations by $1.20, demonstrating robust operational efficiency and demand, which may further enhance investor confidence.
- Revenue Growth: Copa Holdings' revenue of $1.05 billion surpasses market expectations by $20 million, reflecting strong performance in the airline market and effective cost control strategies, potentially driving future stock price increases.
- Traffic Surge: The company reports a 16.7% surge in traffic for April 2026, with a stable load factor of 86.8%, showcasing its success in capitalizing on the recovering travel demand and further solidifying its market position.
See More
Copa Holdings Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Copa Holdings reported a Q1 GAAP EPS of $5.16, beating expectations by $1.20, indicating a significant improvement in profitability that is likely to positively impact stock prices.
- Robust Revenue Growth: The company achieved $1.05 billion in revenue for Q1, reflecting a 16.8% year-over-year increase and surpassing market expectations by $20 million, demonstrating sustained strong market demand and promising future growth potential.
- Operational Efficiency Gains: With an operating margin of 24.6% and a net margin of 20.2%, both up by 0.8 and 0.5 percentage points year-over-year, the company showcases effective strategies in cost control and revenue enhancement.
- Solid Financial Position: By the end of Q1, Copa Holdings held approximately $1.5 billion in cash and short-term investments, representing 40% of the last twelve months' revenues, while the adjusted net debt to EBITDA ratio stood at 0.7, indicating a healthy financial status.
See More
Copa Holdings to Report Q1 Earnings on May 13
- Earnings Announcement: Copa Holdings is set to report its Q1 earnings on May 13, with analysts forecasting an EPS of $4.42 and revenue of $1.03 billion, indicating potential growth in the recovering airline industry.
- Market Reaction: Ahead of the earnings report, Copa Holdings' stock fell by 0.9% on Tuesday, reflecting market caution regarding the upcoming financial data, which may impact investor confidence.
- Analyst Focus: Market analysts are closely monitoring Copa Holdings' earnings, particularly the sustainability of its profitability and revenue growth, which will significantly influence future stock price movements.
- Industry Context: Against the backdrop of a recovering airline industry, Copa Holdings' earnings report will provide critical indicators of industry health, especially as global travel demand rebounds.
See More
