Ryanair Holdings PLC $RYAAY Stake Trimmed by Cortland Associates Inc. MO

Key Points

• Cortland Associates trimmed its Ryanair stake by 3.1% in the third quarter, selling 20,457 shares and retaining 632,351 shares valued at approximately $34.8 million. Ryanair represents about 5% of the firm’s portfolio.
• Institutional ownership remains significant at 43.65%, with several investors increasing their positions during the quarter, including Vise Technologies, which boosted its holdings by 70.1%.
• Analyst sentiment is mixed but leans positive: Ryanair has a “Moderate Buy” consensus rating and a $73.97 average price target, compared with shares opening at $55.29.

Cortland Associates Inc. MO reduced its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 632,351 shares of the transportation company's stock after selling 20,457 shares during the period. Ryanair makes up approximately 5.0% of Cortland Associates Inc. MO's investment portfolio, making the stock its 7th biggest position. Cortland Associates Inc. MO owned about 0.12% of Ryanair worth $34,786,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RYAAY. Trek Financial LLC grew its stake in shares of Ryanair by 9.3% during the third quarter. Trek Financial LLC now owns 4,897 shares of the transportation company's stock worth $269,000 after buying an additional 417 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Ryanair in the 3rd quarter valued at $2,304,000. Profund Advisors LLC lifted its stake in shares of Ryanair by 12.1% in the 3rd quarter. Profund Advisors LLC now owns 7,223 shares of the transportation company's stock valued at $397,000 after acquiring an additional 777 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of Ryanair by 70.1% during the 3rd quarter. Vise Technologies Inc. now owns 11,647 shares of the transportation company's stock valued at $641,000 after acquiring an additional 4,799 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Ryanair by 1.3% during the 3rd quarter. State of Wyoming now owns 16,723 shares of the transportation company's stock valued at $920,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 43.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Tuesday, July 21st. Raymond James Financial reaffirmed a "strong-buy" rating and set a $74.00 price target on shares of Ryanair in a research report on Monday, August 24th. Barclays downgraded Ryanair from an "overweight" rating to an "equal weight" rating in a research note on Friday, October 9th. Oddo Bhf lowered Ryanair from an "outperform" rating to an "underperform" rating in a research report on Wednesday, October 28th. Finally, Morgan Stanley began coverage on Ryanair in a research note on Friday, August 14th. They set an "overweight" rating and a $62.90 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ryanair has an average rating of "Moderate Buy" and a consensus price target of $73.97.

Ryanair Price Performance

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

About Ryanair

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.

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