Ryanair Holdings PLC $RYAAY Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 315.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,342 shares of the transportation company’s stock after buying an additional 18,482 shares during the quarter. DAVENPORT & Co LLC’s holdings in Ryanair were worth $1,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after acquiring an additional 861,361 shares during the period. JPMorgan Chase & Co. increased its position in Ryanair by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after acquiring an additional 539,256 shares during the period. Baird Financial Group Inc. raised its position in shares of Ryanair by 43.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock worth $82,104,000 after buying an additional 428,932 shares in the last quarter. Ovata Capital Management Ltd bought a new position in Ryanair during the second quarter valued at about $24,705,000. Finally, HBK Investments L P acquired a new position in Ryanair in the second quarter worth approximately $24,442,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

NASDAQ RYAAY opened at $73.72 on Friday. The stock has a 50-day simple moving average of $65.92 and a 200 day simple moving average of $62.19. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $73.92. The stock has a market capitalization of $38.75 billion, a PE ratio of 14.18, a P/E/G ratio of 0.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $5.44 billion. Research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RYAAY. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. Sanford C. Bernstein cut shares of Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Finally, Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.00.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.