Nissay Asset Management Corp Japan ADV trimmed its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 5.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,300 shares of the transportation company’s stock after selling 385 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Ryanair were worth $472,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Harris Associates L P lifted its holdings in shares of Ryanair by 38.6% during the fourth quarter. Harris Associates L P now owns 14,358,251 shares of the transportation company’s stock worth $1,024,318,000 after purchasing an additional 4,002,188 shares during the period. Baillie Gifford & Co. increased its position in Ryanair by 15.7% during the 4th quarter. Baillie Gifford & Co. now owns 6,792,319 shares of the transportation company’s stock worth $484,564,000 after purchasing an additional 920,644 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Ryanair by 27.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,458,575 shares of the transportation company’s stock worth $246,734,000 after purchasing an additional 745,493 shares in the last quarter. Metropolis Capital Ltd purchased a new stake in Ryanair during the 4th quarter worth about $28,476,000. Finally, JPMorgan Chase & Co. increased its position in Ryanair by 17.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,410 shares of the transportation company’s stock worth $190,487,000 after purchasing an additional 293,233 shares in the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.
Shares of Ryanair stock traded down $0.91 during trading on Friday, hitting $65.28. The stock had a trading volume of 1,027,730 shares, compared to its average volume of 786,697. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 12.70 and a beta of 0.85. Ryanair Holdings plc has a fifty-two week low of $64.78 and a fifty-two week high of $119.25.
Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, May 20th. The transportation company reported ($0.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.10). The firm had revenue of $1.45 billion during the quarter. Ryanair had a net margin of 11.69% and a return on equity of 20.34%. Analysts anticipate that Ryanair Holdings plc will post 4.55 earnings per share for the current fiscal year.
A number of brokerages have issued reports on RYAAY. JPMorgan Chase & Co. lowered Ryanair from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 21st. ValuEngine upgraded Ryanair from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. BidaskClub upgraded Ryanair from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating and set a $73.00 price target for the company. in a report on Tuesday, April 2nd. Finally, Canaccord Genuity downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th. Five analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.33.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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