AIA Group Ltd Buys 37,586 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

AIA Group Ltd raised its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 148.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,890 shares of the transportation company's stock after purchasing an additional 37,586 shares during the period. AIA Group Ltd's holdings in Ryanair were worth $2,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of RYAAY. Kornitzer Capital Management Inc. KS grew its stake in Ryanair by 150.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 93,715 shares of the transportation company's stock valued at $4,234,000 after buying an additional 56,229 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Ryanair by 150.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 51,420 shares of the transportation company's stock valued at $2,323,000 after purchasing an additional 30,852 shares during the period. QRG Capital Management Inc. lifted its holdings in Ryanair by 120.6% during the 3rd quarter. QRG Capital Management Inc. now owns 95,040 shares of the transportation company's stock worth $4,294,000 after purchasing an additional 51,950 shares in the last quarter. Cortland Associates Inc. MO boosted its stake in Ryanair by 291.6% in the 3rd quarter. Cortland Associates Inc. MO now owns 711,753 shares of the transportation company's stock worth $32,157,000 after purchasing an additional 529,997 shares during the period. Finally, Coronation Fund Managers Ltd. grew its holdings in Ryanair by 275.4% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 604,114 shares of the transportation company's stock valued at $27,294,000 after buying an additional 443,200 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Trading Down 3.4 %

RYAAY stock traded down $1.62 during midday trading on Friday, hitting $45.68. The company had a trading volume of 1,498,575 shares, compared to its average volume of 1,621,974. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 2.66 and a beta of 1.54. Ryanair Holdings plc has a 52 week low of $36.96 and a 52 week high of $60.29. The company has a current ratio of 0.81, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average price is $74.14 and its 200 day moving average price is $102.14.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly 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 the consensus estimate of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same period last year, the business earned $2.88 EPS. As a group, equities research analysts expect that Ryanair Holdings plc will post 2.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RYAAY. Citigroup raised shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 2nd. StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a report on Tuesday. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. HSBC cut shares of Ryanair from a "buy" rating to a "hold" rating in a research note on Friday, July 12th. Finally, Hsbc Global Res raised shares of Ryanair to a "hold" rating in a report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.67.

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.