Janney Montgomery Scott LLC grew its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,950 shares of the transportation company’s stock after acquiring an additional 738 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryanair were worth $464,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of RYAAY. HighTower Advisors LLC boosted its position in Ryanair by 10.3% during the 1st quarter. HighTower Advisors LLC now owns 3,047 shares of the transportation company’s stock worth $265,000 after acquiring an additional 285 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Ryanair by 16.8% during the 1st quarter. Private Advisor Group LLC now owns 4,758 shares of the transportation company’s stock worth $414,000 after purchasing an additional 683 shares in the last quarter. Citigroup Inc. raised its stake in shares of Ryanair by 1.2% during the 1st quarter. Citigroup Inc. now owns 39,970 shares of the transportation company’s stock worth $3,483,000 after purchasing an additional 483 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Ryanair by 8.2% during the 1st quarter. Bank of Montreal Can now owns 11,691 shares of the transportation company’s stock worth $984,000 after purchasing an additional 884 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Ryanair by 16.2% during the 1st quarter. Raymond James Trust N.A. now owns 3,406 shares of the transportation company’s stock worth $297,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 42.82% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on RYAAY. Morgan Stanley began coverage on Ryanair in a research note on Tuesday, January 10th. They set an “overweight” rating on the stock. TheStreet upgraded Ryanair from a “c” rating to a “b-” rating in a research note on Tuesday, December 20th. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. JPMorgan Chase & Co. increased their price target on Ryanair from €18.20 ($19.78) to €21.00 ($22.83) and gave the company an “overweight” rating in a research note on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Ryanair from €14.50 ($15.76) to €16.00 ($17.39) and gave the company a “buy” rating in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and an average target price of $43.79.
Ryanair Stock Up 0.9 %
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). The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.02 billion. Ryanair had a return on equity of 16.66% and a net margin of 10.85%. On average, equities analysts anticipate that Ryanair Holdings plc will post 5.63 earnings per share for the current year.
Ryanair Profile
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.
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