Charles Schwab Investment Management Inc. bought a new stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 90,015 shares of the transportation company's stock, valued at approximately $4,067,000.
Several other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp raised its holdings in Ryanair by 826.7% during the 2nd quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company's stock valued at $72,399,000 after buying an additional 554,680 shares during the period. Scientech Research LLC raised its stake in shares of Ryanair by 306.5% in the second quarter. Scientech Research LLC now owns 7,260 shares of the transportation company's stock valued at $845,000 after acquiring an additional 5,474 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. Natixis Advisors LLC boosted its stake in shares of Ryanair by 12.4% during the 3rd quarter. Natixis Advisors LLC now owns 393,030 shares of the transportation company's stock worth $17,757,000 after purchasing an additional 43,449 shares during the period. Finally, Primecap Management Co. CA grew its holdings in Ryanair by 148.5% during the 3rd quarter. Primecap Management Co. CA now owns 1,068,250 shares of the transportation company's stock valued at $48,264,000 after purchasing an additional 638,350 shares during the last quarter. Institutional investors own 43.66% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. UBS Group raised Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. Sanford C. Bernstein reduced their price target on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Finally, StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $154.67.
Check Out Our Latest Stock Analysis on RYAAY
Ryanair Stock Down 0.3 %
Shares of RYAAY traded down $0.12 during mid-day trading on Friday, hitting $45.45. 1,170,889 shares of the company traded hands, compared to its average volume of 1,579,335. The company has a market capitalization of $24.73 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.65 and a beta of 1.51. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $44.80 and a 200 day moving average of $86.02. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29.
Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.91 by ($0.09). The firm had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter last year, the business earned $2.88 EPS. Equities research analysts anticipate that Ryanair Holdings plc will post 2.97 EPS for the current year.
Ryanair Company Profile
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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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