Gradient Investments LLC Increases Stock Holdings in Ryanair Holdings PLC $RYAAY

Gradient Investments LLC boosted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 54.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,425 shares of the transportation company’s stock after buying an additional 7,566 shares during the quarter. Gradient Investments LLC’s holdings in Ryanair were worth $1,290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RYAAY. Price T Rowe Associates Inc. MD bought a new stake in shares of Ryanair in the 1st quarter worth $118,071,000. Goldman Sachs Group Inc. boosted 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 purchasing an additional 861,361 shares during the last quarter. JPMorgan Chase & Co. grew its position in Ryanair by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after purchasing an additional 539,256 shares in the last quarter. Baird Financial Group Inc. increased its stake in Ryanair by 43.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after buying an additional 428,932 shares during the last quarter. Finally, Ovata Capital Management Ltd bought a new position in shares of Ryanair during the 2nd quarter worth approximately $24,705,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein lowered Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research report on Monday. Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryanair in a research note on Monday. Finally, Zacks Research lowered shares of 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 assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Ryanair Trading Down 0.0%

Shares of RYAAY opened at $70.52 on Thursday. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $71.82. The business has a 50-day moving average of $64.25 and a 200 day moving average of $61.39. The firm has a market cap of $37.07 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71.

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. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $5.44 billion. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. As a group, research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current 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.