Hudson Edge Investment Partners Inc. boosted its position in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 977,250 shares of the transportation company’s stock after acquiring an additional 27,700 shares during the quarter. Ryanair accounts for 8.3% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 3rd largest holding. Hudson Edge Investment Partners Inc.’s holdings in Ryanair were worth $56,485,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its position in Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Ryanair by 64.9% in the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 257 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RYAAY has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Weiss Ratings lowered Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, March 12th. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Wednesday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $77.00 target price on shares of Ryanair in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.67.
Ryanair Price Performance
Shares of RYAAY opened at $65.49 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The stock has a market cap of $34.08 billion, a PE ratio of 13.90, a PEG ratio of 1.74 and a beta of 1.15. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. The business has a 50-day simple moving average of $59.06 and a two-hundred day simple moving average of $63.61.
Ryanair (NASDAQ:RYAAY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. Analysts anticipate that Ryanair Holdings PLC will post 4.29 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Ryanair news, CEO Andreas Gruber sold 13,467 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $350,276.67. Following the sale, the chief executive officer directly owned 20,858 shares of the company’s stock, valued at $542,516.58. The trade was a 39.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $365,518.53. Following the sale, the insider directly owned 46,264 shares in the company, valued at $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 126,607 shares of company stock worth $3,386,997 over the last quarter.
Ryanair 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.
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