Wellington Management Group LLP Grows Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Wellington Management Group LLP lifted its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 57.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,673,475 shares of the transportation company's stock after purchasing an additional 980,095 shares during the period. Wellington Management Group LLP owned 0.49% of Ryanair worth $120,788,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Ryanair by 53.2% during the 3rd quarter. State Street Corp now owns 285,808 shares of the transportation company's stock worth $12,913,000 after buying an additional 99,268 shares during the last quarter. Stifel Financial Corp increased its position in shares of Ryanair by 146.8% during the 3rd quarter. Stifel Financial Corp now owns 51,656 shares of the transportation company's stock worth $2,334,000 after purchasing an additional 30,723 shares during the last quarter. Immersion Capital LLP boosted its stake in Ryanair by 184.2% during the third quarter. Immersion Capital LLP now owns 879,752 shares of the transportation company's stock worth $39,747,000 after buying an additional 570,151 shares during the period. Janus Henderson Group PLC raised its stake in shares of Ryanair by 169.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company's stock valued at $284,893,000 after acquiring an additional 3,967,436 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Ryanair by 120.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,963 shares of the transportation company's stock worth $630,000 after acquiring an additional 7,634 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upgraded Ryanair from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Barclays upgraded shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, 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. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $154.67.

Ryanair Price Performance

NASDAQ:RYAAY traded up $0.36 during trading hours on Tuesday, hitting $46.27. The company's stock had a trading volume of 1,100,631 shares, compared to its average volume of 1,586,813. The business's 50-day moving average is $44.60 and its two-hundred day moving average is $87.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $25.18 billion, a PE ratio of 15.42, a PEG ratio of 2.69 and a beta of 1.51. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29.

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 analysts' consensus estimates of $2.91 by ($0.09). The firm 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 in the prior year, the business earned $2.88 EPS. As a group, research analysts anticipate that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

About Ryanair

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.