Acadian Asset Management LLC Makes New $11.22 Million Investment in Ryanair Holdings PLC $RYAAY

Acadian Asset Management LLC acquired a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 194,728 shares of the transportation company’s stock, valued at approximately $11,219,000.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD bought a new stake in shares of Ryanair during the 1st quarter worth $118,071,000. Goldman Sachs Group Inc. increased its holdings in Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after buying an additional 861,361 shares during the last quarter. Ovata Capital Management Ltd purchased a new stake in Ryanair during the second quarter worth about $24,705,000. Cambiar Investors LLC bought a new stake in Ryanair in the first quarter worth about $11,785,000. Finally, Royal Bank of Canada boosted its stake in Ryanair by 7.3% in the first quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock valued at $165,630,000 after acquiring an additional 266,343 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RYAAY has been the subject of several research analyst reports. Sanford C. Bernstein lowered shares of Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Oddo Bhf raised Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a research note on Wednesday, October 8th. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Ryanair Price Performance

Shares of Ryanair stock opened at $64.66 on Wednesday. The firm has a market cap of $34.14 billion, a PE ratio of 15.18, a PEG ratio of 0.66 and a beta of 1.39. The stock has a 50 day moving average of $60.40 and a 200 day moving average of $58.84. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $67.18.

Ryanair (NASDAQ:RYAAY) last released 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 14.42% and a return on equity of 27.91%. The business had revenue of $6.32 billion during the quarter, compared to analyst estimates of $5.44 billion. On average, research analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal 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.