Ryanair Holdings PLC $RYAAY Shares Bought by AGF Management Ltd.

AGF Management Ltd. lifted its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,537 shares of the transportation company’s stock after purchasing an additional 3,400 shares during the quarter. AGF Management Ltd.’s holdings in Ryanair were worth $1,242,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its holdings in shares of Ryanair by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock worth $343,000 after buying an additional 206 shares during the last quarter. CWM LLC lifted its stake in Ryanair by 39.8% during the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Ryanair by 6.9% in the second quarter. Signature Estate & Investment Advisors LLC now owns 5,429 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 352 shares during the last quarter. Baldwin Investment Management LLC increased its position in Ryanair by 2.4% during the first quarter. Baldwin Investment Management LLC now owns 21,052 shares of the transportation company’s stock worth $892,000 after buying an additional 500 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Ryanair during the second quarter worth about $31,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RYAAY. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Morgan Stanley started coverage on Ryanair in a research note on Wednesday, October 15th. They issued an “overweight” rating for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Trading Up 0.3%

RYAAY opened at $64.66 on Wednesday. The company’s 50 day simple moving average is $60.40 and its two-hundred day simple moving average is $58.84. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $67.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $34.14 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The firm had revenue of $6.32 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Analysts expect that Ryanair Holdings PLC will post 3.09 EPS 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.