Primecap Management Co. CA Reduces Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Primecap Management Co. CA lessened its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,045,772 shares of the transportation company’s stock after selling 22,478 shares during the quarter. Primecap Management Co. CA’s holdings in Ryanair were worth $45,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAAY. Sumitomo Mitsui Trust Group Inc. increased its position in Ryanair by 9.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 27,681 shares of the transportation company’s stock worth $1,251,000 after purchasing an additional 2,444 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Ryanair by 155.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,105 shares of the transportation company’s stock valued at $321,000 after buying an additional 4,326 shares during the period. CIBC Asset Management Inc grew its holdings in Ryanair by 122.1% in the 3rd quarter. CIBC Asset Management Inc now owns 95,621 shares of the transportation company’s stock valued at $4,320,000 after buying an additional 52,566 shares during the period. Natixis Advisors LLC grew its holdings in Ryanair by 12.4% in the 3rd quarter. Natixis Advisors LLC now owns 393,030 shares of the transportation company’s stock valued at $17,757,000 after buying an additional 43,449 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in Ryanair by 36.5% in the 3rd quarter. Pathstone Holdings LLC now owns 38,861 shares of the transportation company’s stock valued at $1,756,000 after buying an additional 10,397 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Down 1.5 %

Shares of NASDAQ:RYAAY opened at $47.10 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The stock has a market capitalization of $25.12 billion, a P/E ratio of 14.44, a PEG ratio of 2.01 and a beta of 1.46. The stock has a 50-day simple moving average of $45.79 and a 200-day simple moving average of $54.49.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. Equities analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.00.

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.