Russell Investments Group Ltd. Has $57.14 Million Stock Position in Ryanair Holdings PLC $RYAAY

Russell Investments Group Ltd. reduced its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 991,795 shares of the transportation company’s stock after selling 59,808 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.19% of Ryanair worth $57,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new position in Ryanair during the first quarter worth $118,071,000. Goldman Sachs Group Inc. lifted its position in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after buying an additional 861,361 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ryanair by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after buying an additional 539,256 shares during the last quarter. Ovata Capital Management Ltd bought a new position in shares of Ryanair in the 2nd quarter valued at about $24,705,000. Finally, Cambiar Investors LLC acquired a new stake in shares of Ryanair in the first quarter valued at about $11,785,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of RYAAY opened at $68.40 on Friday. The company’s 50-day moving average is $61.58 and its 200-day moving average is $59.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $35.99 billion, a PE ratio of 16.06, a PEG ratio of 0.66 and a beta of 1.39. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $68.68.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.62 by $0.14. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $5.44 billion. Equities analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Morgan Stanley started coverage on shares of Ryanair in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

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.