Asset Management One Co. Ltd. lifted its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 150.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,420 shares of the transportation company's stock after purchasing an additional 30,852 shares during the period. Asset Management One Co. Ltd.'s holdings in Ryanair were worth $2,323,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of RYAAY. Capital International Investors increased its position in Ryanair by 34.9% during the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company's stock valued at $2,099,700,000 after purchasing an additional 3,734,770 shares during the period. Capital World Investors boosted its stake in shares of Ryanair by 30.0% in the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company's stock valued at $1,759,590,000 after purchasing an additional 2,791,513 shares during the last quarter. Metropolis Capital Ltd increased its position in shares of 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 buying an additional 2,562,066 shares during the period. Trinity Street Asset Management LLP raised its stake in Ryanair by 154.4% during the third quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company's stock worth $169,685,000 after buying an additional 2,279,250 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Ryanair by 179.1% in the third quarter. Artemis Investment Management LLP now owns 1,594,774 shares of the transportation company's stock valued at $72,052,000 after buying an additional 1,023,297 shares during the period. Institutional investors own 43.66% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on RYAAY. The Goldman Sachs Group upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Citigroup upgraded shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 2nd. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. Sanford C. Bernstein decreased their price target on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, StockNews.com upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a report on Tuesday, November 5th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ryanair has an average rating of "Moderate Buy" and a consensus price target of $154.67.
Read Our Latest Research Report on RYAAY
Ryanair Stock Performance
Shares of NASDAQ RYAAY traded down $1.62 during midday trading on Friday, hitting $45.68. The company's stock had a trading volume of 1,498,575 shares, compared to its average volume of 1,403,099. The stock has a fifty day moving average price of $71.58 and a 200 day moving average price of $100.81. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.63 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 company has a current ratio of 0.81, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.
Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share 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 analysts' expectations of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter last year, the firm posted $2.88 earnings per share. On average, research analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.
About Ryanair
(
Free Report)
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.
Further Reading
Before you consider Ryanair, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryanair wasn't on the list.
While Ryanair currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
