icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

Sarah Ketterer's Strategic Moves in Q3 2024: A Deep Dive into Ryanair Holdings PLC's Performance

Eli GrantWednesday, Nov 13, 2024 7:47 pm ET
3min read
Sarah Ketterer, CEO of Causeway Capital Management, made strategic adjustments to her portfolio in Q3 2024, notably reducing her stake in Ryanair Holdings PLC (RYAAY). This move raises questions about the airline's financial performance and Ketterer's investment philosophy. This article delves into Ryanair's Q3 2023 financials and Ketterer's strategic portfolio adjustments.

Ryanair's nine-month results for 2023 show an operating profit increase of 33% to €2,396.9 million, driven by a 26% rise in total operating revenues to €11,273.9 million. However, Ryanair's stock has been volatile, with a 45.14% reduction in Ketterer's holdings, potentially indicating concerns about its future performance.

Ketterer's new additions include iShares MSCI EAFE ETF (EFA), Canadian Pacific Kansas City Ltd (CP), and International Flavors & Fragrances Inc (IFF). EFA, a broad-based international equity ETF, offers diversification and lower risk than individual stocks. CP, a railroad operator, has seen its stock rise 15.6% YTD, outperforming Ryanair's 7.43% return. IFF, a flavor and fragrance manufacturer, has a lower beta (0.67) than Ryanair (1.05), indicating less volatility.

Ketterer's significant increases in Bank Bradesco SA (BBD) and Quest Diagnostics Inc (DGX) also warrant consideration. BBD, a Brazilian bank, has a higher dividend yield (4.3%) than Ryanair (0%). DGX, a healthcare diagnostics company, has a lower beta (0.51) and a higher return on assets (10.4%) than Ryanair (4.7%).

Comparing these stocks with Ryanair, EFA and IFF offer lower risk and potential diversification benefits, while CP, BBD, and DGX have shown stronger performance or higher yields. Ketterer's strategic moves suggest a shift towards lower-risk, higher-yielding investments, potentially indicating concerns about Ryanair's future prospects.

CP Total Revenue YoY, Total Revenue


In conclusion, Ketterer's strategic moves in Q3 2024 reflect her commitment to risk-adjusted returns and diversification. Her reduction in Ryanair Holdings PLC may indicate concerns about the airline's future performance, while her new additions and significant increases in other stocks demonstrate her ability to identify opportunities across various sectors and geographies. As Ketterer continues to refine her portfolio, investors can expect her to maintain a balanced and analytical approach to investing, focusing on long-term growth and sustainability.
Comments

Add a public comment...
Post
No Comment Yet
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App