Ryanair Holdings PLC (RYAAY) Short Interest Down 25.0% in August
Ryanair Holdings PLC (NASDAQ:RYAAY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 374,783 shares, a decrease of 25.0% from the August 15th total of 500,020 shares. Based on an average daily trading volume, of 167,812 shares, the days-to-cover ratio is presently 2.2 days.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new stake in Ryanair Holdings PLC during the second quarter valued at about $108,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Ryanair Holdings PLC during the second quarter valued at about $112,000. Quantbot Technologies LP bought a new position in shares of Ryanair Holdings PLC during the first quarter valued at about $106,000. FNY Partners Fund LP bought a new position in shares of Ryanair Holdings PLC during the first quarter valued at about $156,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Ryanair Holdings PLC by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 40.13% of the company’s stock.
Ryanair Holdings PLC (NASDAQ RYAAY) opened at 108.15 on Friday. The stock has a 50 day moving average price of $115.06 and a 200-day moving average price of $101.99. Ryanair Holdings PLC has a 52 week low of $67.56 and a 52 week high of $122.68. The company has a market capitalization of $26.11 billion, a PE ratio of 15.42 and a beta of 0.61.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.02 billion. On average, equities analysts predict that Ryanair Holdings PLC will post $7.58 earnings per share for the current fiscal year.
Ryanair Holdings PLC announced that its board has initiated a stock repurchase plan on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages have weighed in on RYAAY. HSBC Holdings plc downgraded Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a report on Thursday. BidaskClub downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Sanford C. Bernstein began coverage on Ryanair Holdings PLC in a report on Monday, June 26th. They issued an “underperform” rating and a $83.00 target price on the stock. Goldman Sachs Group, Inc. (The) raised Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and raised their target price for the company from $67.56 to $109.00 in a report on Thursday, June 15th. Finally, ValuEngine raised Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Ryanair Holdings PLC has a consensus rating of “Hold” and a consensus price target of $100.33.
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About Ryanair Holdings PLC
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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