Janus Henderson Group PLC Purchases 3,967,436 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Janus Henderson Group PLC lifted its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 169.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,305,368 shares of the transportation company’s stock after buying an additional 3,967,436 shares during the quarter. Janus Henderson Group PLC owned about 1.15% of Ryanair worth $284,893,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in Ryanair by 188.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after purchasing an additional 17,810,361 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after purchasing an additional 15,008,023 shares during the last quarter. Metropolis Capital Ltd lifted its holdings in Ryanair by 177.4% in the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock worth $180,996,000 after purchasing an additional 2,562,066 shares during the last quarter. FMR LLC lifted its holdings in Ryanair by 35.3% in the 3rd quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock worth $394,631,000 after purchasing an additional 2,279,679 shares during the last quarter. Finally, Trinity Street Asset Management LLP lifted its holdings in Ryanair by 154.4% in the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock worth $169,685,000 after purchasing an additional 2,279,250 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

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

Ryanair Stock Performance

RYAAY opened at $44.53 on Wednesday. The stock’s 50 day simple moving average is $48.76 and its 200-day simple moving average is $89.86. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The stock has a market cap of $24.23 billion, a PE ratio of 14.84, a P/E/G ratio of 2.55 and a beta of 1.51. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22.

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