Oppenheimer Asset Management Inc. Purchases 39,674 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Oppenheimer Asset Management Inc. grew its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 702.3% in the third quarter, HoldingsChannel.com reports. The fund owned 45,323 shares of the transportation company’s stock after acquiring an additional 39,674 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryanair were worth $2,048,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new stake in shares of Ryanair in the 1st quarter valued at $29,000. Paradigm Asset Management Co. LLC increased its stake in Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC increased its stake in Ryanair by 261.5% in the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 646 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Ryanair by 153.1% during the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 215 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $44.87 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The stock has a market cap of $24.55 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.54. The stock’s fifty day simple moving average is $64.95 and its two-hundred day simple moving average is $97.80. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the business earned $2.88 earnings per share. As a group, analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

Analyst Ratings Changes

RYAAY has been the topic of a number of research reports. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein lowered their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $154.67.

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.