QRG Capital Management Inc. Acquires 51,950 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

QRG Capital Management Inc. grew its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 120.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,040 shares of the transportation company's stock after buying an additional 51,950 shares during the quarter. QRG Capital Management Inc.'s holdings in Ryanair were worth $4,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Ryanair during the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC raised its holdings in Ryanair by 256.0% in the 1st 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. Advisors Asset Management Inc. bought a new position in Ryanair in the 1st quarter worth $50,000. Ridgewood Investments LLC bought a new position in Ryanair in the 2nd quarter worth $50,000. Finally, Signaturefd LLC raised its holdings in Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock worth $40,000 after purchasing an additional 539 shares during the period. 43.66% of the stock is owned by institutional investors.

Ryanair Trading Down 0.9 %

NASDAQ RYAAY traded down $0.41 during trading on Wednesday, hitting $45.88. The stock had a trading volume of 2,540,956 shares, compared to its average volume of 1,624,081. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.58 and a beta of 1.54. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $60.29. The stock has a 50 day simple moving average of $75.40 and a 200 day simple moving average of $102.54.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data 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). 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 20.01% and a net margin of 11.38%. During the same period in the previous year, the business earned $2.88 EPS. Sell-side analysts predict that Ryanair Holdings plc will post 2.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RYAAY. HSBC lowered Ryanair from a "buy" rating to a "hold" rating in a research note on Friday, July 12th. The Goldman Sachs Group upgraded Ryanair to a "strong-buy" rating in a research note on Friday, August 9th. Hsbc Global Res upgraded Ryanair to a "hold" rating in a research note on Friday, July 12th. StockNews.com upgraded Ryanair from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Sanford C. Bernstein cut their price target on Ryanair from $149.00 to $147.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Five investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.