Primecap Management Co. CA Has $48.26 Million Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Primecap Management Co. CA 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 1,068,250 shares of the transportation company's stock after buying an additional 638,350 shares during the period. Primecap Management Co. CA owned about 0.20% of Ryanair worth $48,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Ryanair in the first quarter worth about $29,000. Paradigm Asset Management Co. LLC raised its position in shares of Ryanair by 87.5% during the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock worth $34,000 after acquiring an additional 350 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ryanair by 261.5% during the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock valued at $40,000 after acquiring an additional 646 shares during the period. Signaturefd LLC boosted its holdings in 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 acquiring an additional 539 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Ryanair by 256.0% in the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock worth $41,000 after purchasing an additional 215 shares during the period. Institutional investors own 43.66% of the company's stock.

Wall Street Analyst Weigh In

RYAAY has been the subject of a number of analyst reports. UBS Group raised Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. StockNews.com upgraded Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Sanford C. Bernstein cut their price target on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Finally, Barclays upgraded shares of Ryanair from an "equal weight" rating to an "overweight" rating in a report on Friday, October 25th. Four research 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. According to data from MarketBeat, Ryanair presently has an average rating of "Buy" and a consensus target price of $154.67.

Ryanair Stock Performance

NASDAQ RYAAY traded up $0.10 during trading on Friday, reaching $42.98. 1,556,933 shares of the company's stock were exchanged, compared to its average volume of 1,614,052. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average price of $59.58 and a 200-day moving average price of $95.19. The stock has a market capitalization of $23.39 billion, a P/E ratio of 14.29, a PEG ratio of 2.60 and a beta of 1.54. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). The company had revenue of $5.57 billion during the quarter, compared to analyst estimates 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 firm earned $2.88 earnings per share. Sell-side analysts forecast that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

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.