Daiwa Securities Group Inc. Acquires 17,840 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Daiwa Securities Group Inc. raised its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 200.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,725 shares of the transportation company's stock after buying an additional 17,840 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Ryanair were worth $1,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Paradigm Asset Management Co. LLC raised its position in shares of Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock worth $34,000 after buying an additional 350 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 646 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock valued at $40,000 after acquiring an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 215 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Ryanair during the second quarter worth about $50,000. 43.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several research analyst reports. Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. Citigroup raised Ryanair to a "strong-buy" rating in a research note on Friday, August 2nd. Sanford C. Bernstein decreased 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. The Goldman Sachs Group raised shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 9th. Finally, StockNews.com upgraded 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 given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Ryanair currently has an average rating of "Buy" and an average price target of $154.67.

Ryanair Stock Up 0.4 %

Shares of RYAAY traded up $0.18 on Friday, reaching $44.04. The stock had a trading volume of 618,725 shares, compared to its average volume of 1,603,882. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The firm has a market capitalization of $23.96 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.54. The company has a 50-day simple moving average of $51.54 and a 200-day simple moving average of $91.53.

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

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.