The Manufacturers Life Insurance Company Has $36.48 Million Position in Ryanair Holdings plc (NASDAQ:RYAAY)

The Manufacturers Life Insurance Company increased its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 150.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,469 shares of the transportation company's stock after acquiring an additional 485,395 shares during the period. The Manufacturers Life Insurance Company owned about 0.15% of Ryanair worth $36,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in Ryanair in the first quarter worth approximately $50,000. Hancock Whitney Corp acquired a new position in Ryanair during the first quarter worth $209,000. Cetera Advisors LLC raised its holdings in Ryanair by 28.4% during the first quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company's stock valued at $284,000 after buying an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 215 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Ryanair by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 43,090 shares of the transportation company's stock valued at $5,017,000 after acquiring an additional 3,109 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Trading Up 0.4 %

Shares of RYAAY stock traded up $0.18 during trading hours on Friday, reaching $44.04. The company had a trading volume of 618,725 shares, compared to its average volume of 1,603,882. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29. 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 firm has a market cap of $23.96 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 2.53 and a beta of 1.54. The company has a 50 day moving average of $51.54 and a 200 day moving average of $91.27.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RYAAY shares. 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 report on Thursday, August 29th. Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. UBS Group raised shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. The Goldman Sachs Group raised Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Finally, Citigroup upgraded Ryanair to a "strong-buy" rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $154.67.

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.