Victory Capital Management Inc. Cuts Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Victory Capital Management Inc. lessened its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 94.0% during the third quarter, HoldingsChannel.com reports. The fund owned 9,630 shares of the transportation company’s stock after selling 150,135 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryanair were worth $435,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. increased its position in shares of Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after purchasing an additional 15,008,023 shares during the last quarter. Metropolis Capital Ltd boosted its stake in 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 purchasing an additional 2,562,066 shares during the period. Trinity Street Asset Management LLP boosted its stake 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 purchasing an additional 2,279,250 shares during the period. Artemis Investment Management LLP boosted its stake in Ryanair by 179.1% during the 3rd quarter. Artemis Investment Management LLP now owns 1,594,774 shares of the transportation company’s stock valued at $72,052,000 after purchasing an additional 1,023,297 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Ryanair by 826.7% during the 2nd quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock valued at $72,399,000 after purchasing an additional 554,680 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Citigroup raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, UBS Group raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $154.67.

Ryanair Trading Up 0.4 %

Shares of NASDAQ:RYAAY opened at $44.04 on Friday. The company has a 50 day moving average of $51.54 and a 200-day moving average of $91.53. The firm has a market cap of $23.96 billion, a P/E ratio of 14.68, a P/E/G ratio of 2.53 and a beta of 1.54. Ryanair Holdings plc has a twelve month low of $36.96 and a twelve month high of $60.29. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22.

Ryanair (NASDAQ:RYAAY) last released its 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). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the company earned $2.88 earnings per share. As a group, analysts anticipate that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal 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.