Cortland Associates Inc. MO Has $26.38 Million Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Cortland Associates Inc. MO grew its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 54.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,174 shares of the transportation company's stock after purchasing an additional 63,956 shares during the quarter. Ryanair makes up approximately 3.4% of Cortland Associates Inc. MO's portfolio, making the stock its 14th largest holding. Cortland Associates Inc. MO owned 0.08% of Ryanair worth $26,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in Ryanair by 1,523.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 276 shares of the transportation company's stock valued at $27,000 after buying an additional 259 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Ryanair in the fourth quarter worth $31,000. Advisors Preferred LLC bought a new position in Ryanair during the fourth quarter worth $31,000. GAMMA Investing LLC raised its stake in Ryanair by 44.9% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company's stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new stake in Ryanair in the 3rd quarter valued at $39,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of RYAAY stock traded down $0.09 during trading hours on Friday, hitting $139.91. 167,466 shares of the company's stock were exchanged, compared to its average volume of 405,422. The stock's 50-day moving average is $141.63 and its 200-day moving average is $126.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00. Ryanair Holdings plc has a 52 week low of $87.18 and a 52 week high of $150.73. The stock has a market cap of $31.90 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, January 29th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.28). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.96 billion. Ryanair had a return on equity of 29.39% and a net margin of 15.64%. As a group, research analysts forecast that Ryanair Holdings plc will post 9.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com downgraded Ryanair from a "buy" rating to a "hold" rating in a research report on Friday, January 5th. Evercore ISI raised their target price on Ryanair from $145.00 to $155.00 and gave the stock an "in-line" rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ryanair currently has an average rating of "Moderate Buy" and a consensus price target of $158.50.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.

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