Cortland Associates Inc. MO lifted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 291.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 711,753 shares of the transportation company's stock after buying an additional 529,997 shares during the period. Ryanair comprises 3.9% of Cortland Associates Inc. MO's holdings, making the stock its 13th largest holding. Cortland Associates Inc. MO owned approximately 0.32% of Ryanair worth $32,157,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Coronation Fund Managers Ltd. boosted its stake in Ryanair by 275.4% during the third quarter. Coronation Fund Managers Ltd. now owns 604,114 shares of the transportation company's stock worth $27,294,000 after buying an additional 443,200 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Ryanair by 149.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,055 shares of the transportation company's stock worth $861,000 after purchasing an additional 11,404 shares during the period. Kinney Asset Management LLC grew its holdings in Ryanair by 142.0% during the 3rd quarter. Kinney Asset Management LLC now owns 455,380 shares of the transportation company's stock valued at $20,574,000 after purchasing an additional 267,228 shares during the last quarter. New York State Common Retirement Fund raised its position in Ryanair by 50.1% in the 3rd quarter. New York State Common Retirement Fund now owns 529,250 shares of the transportation company's stock worth $23,912,000 after purchasing an additional 176,577 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in Ryanair by 150.0% in the third quarter. Rosenberg Matthew Hamilton now owns 2,365 shares of the transportation company's stock worth $107,000 after purchasing an additional 1,419 shares during the last quarter. Institutional investors own 43.66% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. HSBC lowered Ryanair from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Citigroup upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 2nd. Finally, Hsbc Global Res upgraded Ryanair to a "hold" rating in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ryanair presently has an average rating of "Moderate Buy" and an average target price of $154.67.
Check Out Our Latest Stock Report on RYAAY
Ryanair Stock Performance
Shares of NASDAQ RYAAY traded down $1.48 during trading on Monday, reaching $44.06. 2,022,722 shares of the company traded hands, compared to its average volume of 1,617,898. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $24.10 billion, a P/E ratio of 14.86, a PEG ratio of 2.60 and a beta of 1.54. The firm's fifty day simple moving average is $77.85 and its 200 day simple moving average is $103.83.
About Ryanair
(
Free Report)
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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