W.G. Shaheen & Associates DBA Whitney & Co Acquires 159,019 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 150.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,930 shares of the transportation company’s stock after acquiring an additional 159,019 shares during the period. Ryanair comprises approximately 1.3% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 28th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Ryanair were worth $11,970,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its stake in shares of Ryanair by 175.7% during the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after buying an additional 15,008,023 shares in the last quarter. Capital International Investors lifted its stake in Ryanair by 34.9% in the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after purchasing an additional 3,734,770 shares in the last quarter. Capital World Investors raised its position in shares of Ryanair by 30.0% during the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock valued at $1,759,590,000 after buying an additional 2,791,513 shares in the last quarter. Metropolis Capital Ltd raised its position in shares of Ryanair by 177.4% during the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after buying an additional 2,562,066 shares in the last quarter. Finally, Trinity Street Asset Management LLP raised its position in shares of Ryanair by 154.4% during the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after buying an additional 2,279,250 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Sanford C. Bernstein cut their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $154.67.

Ryanair Price Performance

Shares of RYAAY opened at $44.75 on Tuesday. The company has a 50 day moving average price of $63.58 and a 200-day moving average price of $96.59. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The stock has a market capitalization of $24.35 billion, a PE ratio of 14.92, a PEG ratio of 2.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same period in the prior year, the business posted $2.88 EPS. Equities analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

Ryanair Company Profile

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.