Victory Capital Management Inc. reduced its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 94.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,630 shares of the transportation company's stock after selling 150,135 shares during the quarter. Victory Capital Management Inc.'s holdings in Ryanair were worth $435,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of RYAAY. GAMMA Investing LLC raised its position in Ryanair by 261.5% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock worth $40,000 after buying an additional 646 shares during the last quarter. Signaturefd LLC raised its stake in shares of Ryanair by 153.1% during the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock worth $40,000 after buying an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock valued at $41,000 after buying an additional 215 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Ryanair during the 2nd quarter worth $50,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Ryanair in the 1st quarter valued at about $50,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on RYAAY shares. The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 9th. Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. StockNews.com upgraded Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. UBS Group raised shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Finally, Citigroup raised shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Ryanair has a consensus rating of "Buy" and an average price target of $154.67.
Check Out Our Latest Analysis on Ryanair
Ryanair Stock Performance
RYAAY traded up $0.18 during trading hours on Friday, hitting $44.04. 618,725 shares of the stock were exchanged, compared to its average volume of 1,603,882. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $60.29. The stock has a 50-day simple moving average of $51.54 and a 200-day simple moving average of $91.27. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.54.
Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its 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 analyst estimates of $5.59 billion. During the same quarter in the previous year, the firm earned $2.88 earnings per share. Analysts anticipate that Ryanair Holdings plc will post 2.97 earnings per share for the current year.
Ryanair Company Profile
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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.
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