XTX Topco Ltd Raises Position in Ryanair Holdings PLC $RYAAY

XTX Topco Ltd raised its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 298.9% during the second quarter, Holdings Channel reports. The firm owned 55,738 shares of the transportation company’s stock after purchasing an additional 41,766 shares during the period. XTX Topco Ltd’s holdings in Ryanair were worth $3,214,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in shares of Ryanair in the 2nd quarter valued at approximately $31,000. Parkside Financial Bank & Trust raised its position in shares of Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Ryanair by 1,158.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after buying an additional 938 shares in the last quarter. Evelyn Partners Investment Management Services Ltd lifted its position in shares of Ryanair by 40.4% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 202 shares during the last quarter. Finally, CWM LLC grew its position in Ryanair by 39.8% during the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after purchasing an additional 339 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a report on Monday. Finally, The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.00.

Ryanair Trading Up 3.7%

Shares of NASDAQ RYAAY opened at $67.33 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $61.14 and its 200-day moving average is $59.83. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $67.71. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 0.66 and a beta of 1.39.

Ryanair (NASDAQ:RYAAY) last posted its earnings results 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 $6.41 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Equities research analysts predict that Ryanair Holdings PLC will post 3.09 EPS 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.