Ryanair Holdings PLC (RYAAY) is Alken Asset Management Ltd.’s 3rd Largest Position
Alken Asset Management Ltd. continued to hold its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,623 shares of the transportation company’s stock at the end of the 2nd quarter. Ryanair Holdings PLC comprises about 1.1% of Alken Asset Management Ltd.’s portfolio, making the stock its 3rd largest holding. Alken Asset Management Ltd.’s holdings in Ryanair Holdings PLC were worth $928,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in Ryanair Holdings PLC by 35.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the transportation company’s stock worth $283,000 after acquiring an additional 682 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its holdings in Ryanair Holdings PLC by 48.0% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 93,700 shares of the transportation company’s stock worth $10,083,000 after acquiring an additional 30,400 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Ryanair Holdings PLC in the 2nd quarter worth $319,000. TIAA CREF Investment Management LLC grew its holdings in Ryanair Holdings PLC by 2.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 432,201 shares of the transportation company’s stock worth $46,509,000 after acquiring an additional 8,854 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Ryanair Holdings PLC by 91.0% in the 2nd quarter. Teachers Advisors LLC now owns 32,332 shares of the transportation company’s stock worth $3,479,000 after acquiring an additional 15,400 shares during the last quarter. 40.13% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. UBS AG lowered shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. ValuEngine raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. HSBC Holdings plc raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. lowered shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and lifted their target price for the company from $67.56 to $109.00 in a research note on Thursday, June 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Ryanair Holdings PLC currently has a consensus rating of “Hold” and a consensus price target of $100.33.
Shares of Ryanair Holdings PLC (RYAAY) traded down 1.93% during midday trading on Friday, hitting $108.15. 335,549 shares of the stock were exchanged. The stock has a market cap of $26.11 billion, a P/E ratio of 15.42 and a beta of 0.61. The firm has a 50 day moving average of $115.06 and a 200-day moving average of $101.99. Ryanair Holdings PLC has a 12 month low of $67.56 and a 12 month high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.30. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. Equities research analysts anticipate that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 30th that allows the company to buyback outstanding shares. This buyback authorization allows the transportation company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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Ryanair Holdings PLC Company Profile
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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