CIBC Asset Management Inc Purchases 52,566 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

CIBC Asset Management Inc lifted its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 122.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,621 shares of the transportation company's stock after acquiring an additional 52,566 shares during the period. CIBC Asset Management Inc's holdings in Ryanair were worth $4,320,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Gallacher Capital Management LLC raised its position in shares of Ryanair by 4.1% during the 2nd quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company's stock worth $442,000 after purchasing an additional 150 shares during the period. Transcendent Capital Group LLC bought a new stake in Ryanair in the first quarter valued at $29,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Ryanair by 0.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company's stock valued at $2,939,000 after acquiring an additional 212 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Ryanair in the 1st quarter worth about $50,000. 43.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Citigroup upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 2nd. Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group raised shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 9th. Finally, Sanford C. Bernstein dropped their price objective 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. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $154.67.

Ryanair Stock Up 0.6 %

NASDAQ RYAAY traded up $0.27 during trading hours on Tuesday, reaching $45.02. 1,947,306 shares of the company's stock were exchanged, compared to its average volume of 1,613,380. The company's 50-day moving average is $63.58 and its two-hundred day moving average is $96.59. 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 one year low of $36.96 and a one year high of $60.29. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its 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). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter in the previous year, the company posted $2.88 EPS. On average, analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current fiscal 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.