Assetmark Inc. Acquires 1,413 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Assetmark Inc. lifted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) by 18.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,012 shares of the transportation company’s stock after purchasing an additional 1,413 shares during the period. Assetmark Inc.’s holdings in Ryanair were worth $526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RYAAY. Parallel Advisors LLC bought a new position in Ryanair during the second quarter valued at about $64,000. Ronald Blue Trust Inc. bought a new position in Ryanair during the second quarter valued at about $90,000. Whittier Trust Co. of Nevada Inc. increased its stake in Ryanair by 656.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,770 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 1,536 shares during the period. Zions Bancorporation N.A. increased its stake in Ryanair by 26.0% during the first quarter. Zions Bancorporation N.A. now owns 1,900 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 392 shares during the period. Finally, Captrust Financial Advisors increased its stake in Ryanair by 25.9% during the second quarter. Captrust Financial Advisors now owns 1,963 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 404 shares during the period. 42.82% of the stock is currently owned by institutional investors.

Ryanair Stock Up 1.2 %

Shares of RYAAY opened at $92.81 on Friday. The company has a market capitalization of $21.14 billion, a P/E ratio of 19.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.08. Ryanair Holdings plc has a one year low of $55.90 and a one year high of $125.75. The business’s 50 day simple moving average is $79.52 and its 200-day simple moving average is $72.45.

Ryanair (NASDAQ:RYAAY – Get Rating) last posted its quarterly earnings data on Monday, November 7th. The transportation company reported $5.32 earnings per share for the quarter, missing the consensus estimate of $5.43 by ($0.11). Ryanair had a return on equity of 16.66% and a net margin of 10.85%. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, sell-side analysts predict that Ryanair Holdings plc will post 5.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on RYAAY. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ryanair from €14.50 ($15.76) to €16.00 ($17.39) and gave the company a “buy” rating in a report on Tuesday, December 13th. JPMorgan Chase & Co. lifted their price objective on Ryanair from €18.20 ($19.78) to €21.00 ($22.83) and gave the company an “overweight” rating in a report on Thursday, December 15th. Raymond James decreased their price objective on Ryanair from $112.00 to $102.00 and set a “strong-buy” rating on the stock in a report on Wednesday, October 5th. Finally, Liberum Capital downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and an average target price of $43.79.

About Ryanair

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Ryanair Holdings Plc engages in the provision of low fares airline-related services. It 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.