Wealth Enhancement Advisory Services LLC Raises Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 13.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,112 shares of the transportation company’s stock after buying an additional 848 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ryanair were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its holdings in shares of Ryanair by 34.9% during the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after buying an additional 3,734,770 shares in the last quarter. Capital World Investors boosted its position in shares of Ryanair by 30.0% in the first quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock worth $1,759,590,000 after acquiring an additional 2,791,513 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ryanair by 2.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock worth $1,100,716,000 after acquiring an additional 183,584 shares during the last quarter. Metropolis Capital Ltd boosted its position in shares of Ryanair by 177.4% in the third quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock worth $180,996,000 after acquiring an additional 2,562,066 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. boosted its position in shares of Ryanair by 13.2% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock worth $368,901,000 after acquiring an additional 368,800 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Trading Down 3.4 %

Shares of RYAAY stock opened at $45.68 on Monday. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.54. The company has a quick ratio of 0.93, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The firm’s 50 day moving average price is $71.58 and its two-hundred day moving average price is $100.81.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RYAAY. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein decreased their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

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.