Assetmark Inc. Increases Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Assetmark Inc. grew its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 162.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,952 shares of the transportation company's stock after buying an additional 38,351 shares during the period. Assetmark Inc.'s holdings in Ryanair were worth $2,799,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Ryanair during the first quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Ryanair by 261.5% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock worth $40,000 after buying an additional 646 shares during the period. Signaturefd LLC grew its position in shares of Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock valued at $40,000 after purchasing an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock valued at $41,000 after buying an additional 215 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new position in Ryanair during the first quarter valued at approximately $50,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Performance

RYAAY stock traded up $0.50 during midday trading on Thursday, reaching $45.08. 1,475,060 shares of the company's stock traded hands, compared to its average volume of 1,617,492. The stock's 50-day moving average is $67.66 and its 200 day moving average is $98.84. The stock has a market cap of $24.66 billion, a P/E ratio of 14.86, a PEG ratio of 2.62 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 0.81 and a debt-to-equity ratio of 0.22.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing analysts' consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the business posted $2.88 earnings per share. As a group, analysts anticipate that Ryanair Holdings plc will post 2.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays upgraded Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 9th. Sanford C. Bernstein lowered their price objective on Ryanair from $149.00 to $147.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Citigroup raised shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Ryanair presently has an average rating of "Buy" and a consensus price target of $154.67.

Ryanair 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.