Cortland Associates Inc. MO Sells 12,966 Shares of Ryanair Holdings PLC $RYAAY

Cortland Associates Inc. MO decreased its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 692,972 shares of the transportation company’s stock after selling 12,966 shares during the period. Ryanair comprises approximately 6.3% of Cortland Associates Inc. MO’s portfolio, making the stock its 7th biggest holding. Cortland Associates Inc. MO’s holdings in Ryanair were worth $50,026,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RYAAY. USA Financial Formulas acquired a new position in Ryanair in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. UMB Bank n.a. raised its stake in Ryanair by 1,057.4% in the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 497 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after buying an additional 277 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RYAAY shares. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Finally, Weiss Ratings downgraded shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and an average price target of $75.67.

Ryanair Stock Down 2.2%

Shares of NASDAQ:RYAAY opened at $59.15 on Wednesday. The stock’s 50-day moving average price is $62.30 and its two-hundred day moving average price is $65.26. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $45.59 and a 12-month high of $74.24. The firm has a market cap of $30.87 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.60 and a beta of 1.26.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. On average, research analysts forecast that Ryanair Holdings PLC will post 4.82 EPS for the current year.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.