Primecap Management Co. CA Increases Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Primecap Management Co. CA lifted its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 148.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,068,250 shares of the transportation company’s stock after acquiring an additional 638,350 shares during the quarter. Primecap Management Co. CA’s holdings in Ryanair were worth $48,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its position in shares of Ryanair by 175.7% during the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after purchasing an additional 15,008,023 shares in the last quarter. Metropolis Capital Ltd boosted its holdings in shares of Ryanair by 177.4% during the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after buying an additional 2,562,066 shares in the last quarter. Trinity Street Asset Management LLP lifted its position in Ryanair by 154.4% during the 3rd quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after acquiring an additional 2,279,250 shares during the period. Artemis Investment Management LLP boosted its stake in Ryanair by 179.1% during the third quarter. Artemis Investment Management LLP now owns 1,594,774 shares of the transportation company’s stock worth $72,052,000 after acquiring an additional 1,023,297 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Ryanair by 826.7% in the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock worth $72,399,000 after purchasing an additional 554,680 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the topic of a number of analyst reports. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a research 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. Sanford C. Bernstein reduced their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Citigroup raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and an average price target of $154.67.

Ryanair Trading Down 2.4 %

Shares of NASDAQ:RYAAY opened at $42.88 on Friday. The stock’s 50-day simple moving average is $59.58 and its two-hundred day simple moving average is $95.19. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.60 and a beta of 1.54. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate 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. Analysts expect that Ryanair Holdings plc will post 2.97 EPS 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.