Ryanair Holdings PLC $RYAAY Shares Sold by L1 Capital Pty Ltd

L1 Capital Pty Ltd cut its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 73.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 595,657 shares of the transportation company’s stock after selling 1,673,150 shares during the quarter. Ryanair makes up 1.7% of L1 Capital Pty Ltd’s investment portfolio, making the stock its 12th biggest holding. L1 Capital Pty Ltd owned about 0.11% of Ryanair worth $34,352,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RYAAY. Headlands Technologies LLC purchased a new stake in Ryanair in the 2nd quarter valued at $149,000. Captrust Financial Advisors increased its stake in Ryanair by 9.4% in the second quarter. Captrust Financial Advisors now owns 10,210 shares of the transportation company’s stock valued at $589,000 after purchasing an additional 878 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Ryanair in the second quarter valued at about $566,000. Teewinot Capital Advisers L.L.C. raised its holdings in shares of Ryanair by 5.0% in the second quarter. Teewinot Capital Advisers L.L.C. now owns 693,149 shares of the transportation company’s stock valued at $39,974,000 after buying an additional 33,072 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of Ryanair by 58.0% during the second quarter. Orion Porfolio Solutions LLC now owns 75,803 shares of the transportation company’s stock worth $4,372,000 after buying an additional 27,838 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Morgan Stanley started coverage on shares of Ryanair in a report on Wednesday, October 15th. They issued an “overweight” rating on the stock. Sanford C. Bernstein lowered shares of Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Finally, Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $71.21 on Friday. The firm’s fifty day simple moving average is $63.66 and its 200-day simple moving average is $61.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $37.47 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $71.53.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating the consensus estimate of $3.62 by $0.14. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Analysts expect that Ryanair Holdings PLC will post 3.09 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.