Dorsey & Whitney Trust CO LLC Buys New Position in Ryanair Holdings PLC (RYAAY)
Dorsey & Whitney Trust CO LLC bought a new stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,965 shares of the transportation company’s stock, valued at approximately $319,000.
Several other institutional investors and hedge funds have also bought and sold shares of RYAAY. Quantbot Technologies LP purchased a new position in shares of Ryanair Holdings PLC during the first quarter valued at approximately $106,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Ryanair Holdings PLC during the second quarter valued at approximately $108,000. FNY Partners Fund LP purchased a new position in shares of Ryanair Holdings PLC during the first quarter valued at approximately $156,000. PNC Financial Services Group Inc. increased its stake in shares of Ryanair Holdings PLC by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after buying an additional 98 shares during the period. Finally, Private Advisor Group LLC purchased a new position in shares of Ryanair Holdings PLC during the first quarter valued at approximately $204,000. 40.13% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on RYAAY shares. Sanford C. Bernstein started coverage on Ryanair Holdings PLC in a research note on Monday, June 26th. They issued an “underperform” rating and a $83.00 price target on the stock. HSBC Holdings plc cut Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a research note on Thursday. BidaskClub cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) raised Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and upped their price target for the stock from $67.56 to $109.00 in a research note on Thursday, June 15th. Finally, ValuEngine cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Ryanair Holdings PLC has an average rating of “Hold” and an average target price of $100.33.
Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 108.15 on Friday. The stock has a 50 day moving average price of $115.06 and a 200-day moving average price of $101.99. The stock has a market capitalization of $26.11 billion, a PE ratio of 15.42 and a beta of 0.61. Ryanair Holdings PLC has a 1-year low of $67.56 and a 1-year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion. On average, analysts forecast that Ryanair Holdings PLC will post $7.58 earnings per share for the current year.
Ryanair Holdings PLC declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 30th that allows the company to buyback outstanding shares. This buyback authorization allows the transportation company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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About Ryanair Holdings PLC
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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