CQS Cayman’s Top Stock Picks For This Quarter

#4 Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA)

 – Shares held by CQS Cayman LP (as of March 31): 525,000

 – Value of Holding (as of March 31): $4.17 million

Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) was a new addition to CQS Cayman LP’s equity portfolio during the first quarter. Shares of the London-based telecommunications company have lost nearly 35% of their value since the second-half of 2015 and are currently trading down by 7.86% for 2016. According to recent reports, after EU antitrust regulators made it imminent that they won’t approve the sale of Telefonica S.A. (ADR) (NYSE:TEF)’s UK mobile unit O2 with Hutchison, the former is considering a few ‘plan Bs’, which includes merging O2 with Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA). For its fiscal 2016 first quarter, analysts are expecting Liberty Global plc to report EPS of $0.05 on revenue of $4.45 billion. In comparison, the company had reported a per share loss of $0.61 on revenue of $4.52 billion for the same quarter of the previous financial year.

#3 Ryanair Holdings plc (ADR) (NASDAQ:RYAAY)

 – Shares held by CQS Cayman LP (as of March 31): 525,000

 – Value of Holding (as of March 31): $4.17 million

CQS Cayman LP  brought down its holding in Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) by 71% during the first quarter, relegating the company to the third spot in its equity portfolio at the end of March from the top spot it commanded at the beginning of 2016. Another fund that brought down its holding in the company during the same period was Andy Redleaf‘s Whitebox Advisors, which reduced its stake by 32% to 156,033 shares. Thought the stock of the European low-cost airline is down by around 9% so far this year, it still boasts of 14.75% and 154.05% gains in the past one and five-year periods, respectively. Despite the correction it has seen this year, analysts believe that Ryanair Holdings plc (ADR) (NASDAQ:RYAAY)’s stock will continue to rally in the coming quarters due to a number of factors  including the continuous growth of the company and its latest buyback program. According to a press release submitted by the company on May 4, its monthly traffic grew 10% year-over-year during April. The company currently sports an average rating of ‘Overweight’ and an average price target of $94.36 from the 25 leading analysts on the Street who cover it.