Ryanair Holdings PLC $RYAAY Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO cut its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 632,351 shares of the transportation company’s stock after selling 20,457 shares during the quarter. Ryanair makes up 5.0% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 7th largest holding. Cortland Associates Inc. MO’s holdings in Ryanair were worth $34,786,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. raised its position in Ryanair by 34.3% in the first quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock worth $125,560,000 after acquiring an additional 555,029 shares during the period. Milford Funds Ltd. grew its position in shares of Ryanair by 25.4% during the 2nd quarter. Milford Funds Ltd. now owns 1,263,847 shares of the transportation company’s stock valued at $81,834,000 after acquiring an additional 256,253 shares during the period. Janus Henderson Group PLC increased its stake in shares of Ryanair by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after purchasing an additional 185,110 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ryanair by 9.0% during the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after purchasing an additional 170,242 shares during the last quarter. Finally, Brooklands Fund Management Ltd purchased a new stake in shares of Ryanair during the 3rd quarter worth approximately $7,588,000. 43.65% of the stock is currently owned by institutional investors.

Ryanair Stock Up 2.9%

Ryanair stock opened at $55.29 on Tuesday. Ryanair Holdings PLC has a 52 week low of $51.02 and a 52 week high of $74.24. The business has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $59.79. The stock has a market cap of $28.64 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 4.28 and a beta of 1.19.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Barclays downgraded Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 9th. Morgan Stanley began coverage on Ryanair in a research note on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price on the stock. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.97.

Ryanair Profile

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.