Creative Planning Buys 4,806 Shares of Ryanair Holdings PLC $RYAAY

Creative Planning boosted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 42.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,106 shares of the transportation company’s stock after acquiring an additional 4,806 shares during the period. Creative Planning’s holdings in Ryanair were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new position in Ryanair during the 1st quarter worth approximately $118,071,000. Goldman Sachs Group Inc. raised its stake 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 acquired a new position in Ryanair in the second quarter valued at $24,705,000. Cambiar Investors LLC bought a new stake in Ryanair during the first quarter valued at $11,785,000. Finally, Royal Bank of Canada boosted its position in Ryanair by 7.3% during 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. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analysts Set New Price Targets

RYAAY has been the subject of several research analyst reports. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Sanford C. Bernstein lowered Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and an average price target of $76.00.

Ryanair Price Performance

RYAAY stock opened at $68.14 on Monday. The company has a market capitalization of $35.85 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $68.68. The business has a 50-day simple moving average of $61.83 and a two-hundred day simple moving average of $60.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $5.44 billion. 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.