Capital Research Global Investors Continues to Hold Holdings in Ryanair Holdings PLC (RYAAY)
Capital Research Global Investors held its position in Ryanair Holdings PLC (NASDAQ:RYAAY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,440,928 shares of the transportation company’s stock at the end of the 2nd quarter. Capital Research Global Investors’ holdings in Ryanair Holdings PLC were worth $908,328,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of RYAAY. Quantbot Technologies LP acquired a new position in shares of Ryanair Holdings PLC during the 1st quarter worth about $106,000. Oregon Public Employees Retirement Fund purchased a new position in Ryanair Holdings PLC in the 2nd quarter valued at about $108,000. FNY Partners Fund LP acquired a new stake in Ryanair Holdings PLC in the 1st quarter worth about $156,000. PNC Financial Services Group Inc. boosted its holdings in Ryanair Holdings PLC by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Ryanair Holdings PLC in the 1st quarter worth about $204,000. Institutional investors and hedge funds own 40.35% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Kepler Capital Markets cut Ryanair Holdings PLC from a “hold” rating to a “reduce” rating in a report on Thursday, September 21st. HSBC Holdings plc downgraded Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a research report on Thursday, September 14th. BidaskClub downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Sanford C. Bernstein initiated coverage on Ryanair Holdings PLC in a research note on Monday, June 26th. They issued an “underperform” rating and a $83.00 price target on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $100.33.
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Shares of Ryanair Holdings PLC (NASDAQ RYAAY) traded up 0.86% on Monday, hitting $106.33. The stock had a trading volume of 234,521 shares. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.30. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate 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 forecast that Ryanair Holdings PLC will post $7.18 EPS for the current year.
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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