Ninety One UK Ltd Makes New $962,000 Investment in Ryanair Holdings PLC $RYAAY

Ninety One UK Ltd purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the fourth quarter, Holdings Channel reports. The fund purchased 13,322 shares of the transportation company’s stock, valued at approximately $962,000.

A number of other large investors also recently added to or reduced their stakes in the company. LVW Advisors LLC lifted its stake in Ryanair by 2.6% during the fourth quarter. LVW Advisors LLC now owns 6,276 shares of the transportation company’s stock worth $453,000 after purchasing an additional 158 shares in the last quarter. Blue Trust Inc. lifted its stake in Ryanair by 3.8% during the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock worth $304,000 after purchasing an additional 186 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Ryanair by 3.9% during the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock worth $336,000 after purchasing an additional 217 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Ryanair by 2.9% during the third quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock worth $484,000 after purchasing an additional 225 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Up 8.1%

Shares of NASDAQ RYAAY opened at $62.03 on Friday. The stock has a market cap of $32.38 billion, a P/E ratio of 12.46, a PEG ratio of 0.57 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $44.51 and a 12-month high of $74.24. The business’s fifty day simple moving average is $62.64 and its 200-day simple moving average is $65.21.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. As a group, equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on RYAAY shares. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Thursday, March 12th. Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.