Centiva Capital LP Acquires New Shares in Ryanair Holdings plc (NASDAQ:RYAAY)

Centiva Capital LP bought a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 12,226 shares of the transportation company's stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its position in shares of Ryanair by 188.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company's stock valued at $1,231,762,000 after purchasing an additional 17,810,361 shares during the period. Baillie Gifford & Co. boosted its position in shares of Ryanair by 175.7% in the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company's stock worth $1,063,939,000 after acquiring an additional 15,008,023 shares during the last quarter. FMR LLC grew its holdings in Ryanair by 35.3% in the third quarter. FMR LLC now owns 8,734,646 shares of the transportation company's stock valued at $394,631,000 after purchasing an additional 2,279,679 shares during the period. Metropolis Capital Ltd increased its position in Ryanair by 177.4% during the third quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company's stock worth $180,996,000 after purchasing an additional 2,562,066 shares during the last quarter. Finally, Trinity Street Asset Management LLP boosted its holdings in shares of Ryanair by 154.4% in the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company's stock valued at $169,685,000 after purchasing an additional 2,279,250 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group raised shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. Sanford C. Bernstein cut their target price 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. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. Finally, StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $154.67.

Ryanair Stock Performance

NASDAQ RYAAY traded down $0.21 during trading hours on Friday, hitting $46.65. The company had a trading volume of 769,404 shares, compared to its average volume of 1,194,754. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The firm has a market cap of $25.38 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.56 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 fifty day simple moving average of $44.59 and a 200-day simple moving average of $88.24.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced 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 company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter in the prior year, the company earned $2.88 EPS. Equities analysts predict that Ryanair Holdings plc will post 2.97 EPS for the current year.

About Ryanair

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.