Lancaster Investment Management Grows Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Lancaster Investment Management boosted its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 151.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,781 shares of the transportation company’s stock after acquiring an additional 274,934 shares during the period. Ryanair accounts for 12.9% of Lancaster Investment Management’s investment portfolio, making the stock its 3rd largest holding. Lancaster Investment Management’s holdings in Ryanair were worth $20,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in Ryanair in the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Ryanair in the 1st quarter worth approximately $50,000. Ridgewood Investments LLC purchased a new position in Ryanair during the second quarter valued at $50,000. Finally, Signaturefd LLC raised its stake in shares of Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock worth $40,000 after purchasing an additional 539 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

Shares of Ryanair stock opened at $45.68 on Friday. The firm has a market cap of $24.99 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The firm’s 50-day simple moving average is $71.58 and its 200-day simple moving average is $101.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.81.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter last year, the company earned $2.88 EPS. Equities analysts forecast that Ryanair Holdings plc will post 2.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup raised Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday. Sanford C. Bernstein reduced their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. HSBC cut Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

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.