Ryanair Holdings PLC $RYAAY Shares Sold by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. decreased its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 19.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,011,207 shares of the transportation company’s stock after selling 1,411,793 shares during the period. Ryanair makes up approximately 28.0% of Sprucegrove Investment Management Ltd.’s holdings, making the stock its biggest position. Sprucegrove Investment Management Ltd.’s holdings in Ryanair were worth $346,666,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its stake in shares of Ryanair by 2.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 206 shares during the period. CWM LLC lifted its stake in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock valued at $50,000 after buying an additional 339 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Ryanair by 6.9% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,429 shares of the transportation company’s stock worth $313,000 after buying an additional 352 shares in the last quarter. Baldwin Investment Management LLC grew its position in shares of Ryanair by 2.4% during the 1st quarter. Baldwin Investment Management LLC now owns 21,052 shares of the transportation company’s stock worth $892,000 after buying an additional 500 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of Ryanair in the 2nd quarter valued at $31,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several research analyst reports. The Goldman Sachs Group lowered shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday. Wall Street Zen downgraded Ryanair from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Finally, Morgan Stanley assumed coverage on Ryanair in a research report on Wednesday, October 15th. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and an average price target of $76.00.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $64.19 on Thursday. The company has a market capitalization of $33.90 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. The company’s 50-day moving average is $60.30 and its 200 day moving average is $58.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $67.18.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The business had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $5.44 billion. On average, equities research analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Profile

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.