Ninety One North America Inc. Has $12.07 Million Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Ninety One North America Inc. increased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,476 shares of the transportation company’s stock after buying an additional 10,512 shares during the period. Ninety One North America Inc.’s holdings in Ryanair were worth $12,066,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its position in shares of Ryanair by 4.8% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,840 shares of the transportation company’s stock worth $245,000 after purchasing an additional 85 shares during the period. Gallacher Capital Management LLC lifted its position in shares of Ryanair by 3.3% in the 3rd quarter. Gallacher Capital Management LLC now owns 4,043 shares of the transportation company’s stock worth $393,000 after purchasing an additional 128 shares during the period. Simplicity Solutions LLC lifted its position in shares of Ryanair by 1.9% in the 3rd quarter. Simplicity Solutions LLC now owns 7,840 shares of the transportation company’s stock worth $762,000 after purchasing an additional 148 shares during the period. LPL Financial LLC lifted its position in shares of Ryanair by 2.5% in the 2nd quarter. LPL Financial LLC now owns 6,344 shares of the transportation company’s stock worth $427,000 after purchasing an additional 153 shares during the period. Finally, SVB Wealth LLC lifted its position in shares of Ryanair by 7.8% during the 1st quarter. SVB Wealth LLC now owns 2,805 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RYAAY. StockNews.com downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Evercore ISI boosted their target price on shares of Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Ryanair Stock Down 0.9 %

Shares of Ryanair stock traded down $1.20 during trading on Thursday, reaching $135.15. 506,319 shares of the company traded hands, compared to its average volume of 518,305. The firm has a market capitalization of $30.81 billion, a PE ratio of 14.04, a P/E/G ratio of 0.70 and a beta of 1.59. The company has a 50 day moving average price of $141.58 and a 200-day moving average price of $124.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00. Ryanair Holdings plc has a 1-year low of $87.18 and a 1-year high of $150.73.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, January 29th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.96 billion. Ryanair had a net margin of 15.64% and a return on equity of 29.39%. As a group, equities research analysts expect that Ryanair Holdings plc will post 9.27 earnings per share for the current fiscal year.

About Ryanair

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.