Baird Financial Group Inc. Buys 428,932 Shares of Ryanair Holdings PLC $RYAAY

Baird Financial Group Inc. boosted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 43.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,423,685 shares of the transportation company’s stock after purchasing an additional 428,932 shares during the period. Baird Financial Group Inc. owned about 0.27% of Ryanair worth $82,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Metropolis Capital Ltd lifted its position in shares of Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock valued at $276,253,000 after buying an additional 36,559 shares in the last quarter. Royal Bank of Canada increased its holdings in Ryanair by 7.3% in the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock worth $165,630,000 after acquiring an additional 266,343 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ryanair by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after acquiring an additional 539,256 shares during the period. Price T Rowe Associates Inc. MD purchased a new position in Ryanair during the first quarter valued at approximately $118,071,000. Finally, Goldman Sachs Group Inc. lifted 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 valued at $42,041,000 after purchasing an additional 861,361 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RYAAY. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, November 4th. Sanford C. Bernstein cut Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a research report on Monday. Finally, Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Ryanair Stock Down 1.1%

Shares of NASDAQ:RYAAY opened at $64.97 on Friday. The company has a market cap of $34.19 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.70 and a beta of 1.26. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $68.68. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $62.60 and a 200 day moving average price of $60.51.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $5.44 billion. Ryanair had a return on equity of 31.32% and a net margin of 16.29%. As a group, equities research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current 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.