Ryanair Holdings plc (NASDAQ:RYAAY) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,803 shares of the transportation company’s stock after selling 12,032 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ryanair were worth $1,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gallacher Capital Management LLC increased its position in Ryanair by 4.1% during the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock worth $442,000 after buying an additional 150 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Ryanair by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock valued at $2,939,000 after purchasing an additional 212 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Ryanair during the 1st quarter worth about $50,000. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of Ryanair by 87.5% during the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock worth $34,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Down 1.1 %

Shares of NASDAQ:RYAAY opened at $43.32 on Wednesday. The stock has a 50-day simple moving average of $55.69 and a 200-day simple moving average of $92.80. The stock has a market capitalization of $23.57 billion, a P/E ratio of 14.44, a PEG ratio of 2.48 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 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 released its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) 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 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 period in the previous year, the company earned $2.88 EPS. Equities analysts forecast that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Analysts Set New Price Targets

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