Artemis Investment Management LLP Boosts Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Artemis Investment Management LLP grew its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,084 shares of the transportation company’s stock after purchasing an additional 32,511 shares during the period. Artemis Investment Management LLP owned approximately 0.21% of Ryanair worth $69,422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new stake in Ryanair during the fourth quarter valued at approximately $31,000. Advisors Preferred LLC bought a new stake in shares of Ryanair during the 4th quarter worth $31,000. GAMMA Investing LLC grew its position in Ryanair by 44.9% in the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Principal Securities Inc. bought a new position in Ryanair in the fourth quarter valued at $41,000. Finally, Tucker Asset Management LLC purchased a new stake in Ryanair during the third quarter valued at about $39,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Down 0.2 %

Shares of Ryanair stock traded down $0.23 during midday trading on Friday, hitting $116.44. The company had a trading volume of 893,470 shares, compared to its average volume of 550,800. The company has a 50 day moving average of $126.69 and a 200 day moving average of $132.90. The stock has a market capitalization of $26.49 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.04 and a beta of 1.52. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.91.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, May 20th. The transportation company reported ($1.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.32) by $0.01. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. Ryanair had a net margin of 14.30% and a return on equity of 25.59%. On average, equities analysts predict that Ryanair Holdings plc will post 11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. UBS Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, Evercore ISI raised their target price on shares of Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ryanair currently has an average rating of “Hold” and an average price target of $158.50.

Ryanair Company 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.