CQS Cayman LP lifted its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 245.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,094 shares of the transportation company’s stock after purchasing an additional 120,094 shares during the period. Ryanair Holdings PLC comprises 1.3% of CQS Cayman LP’s holdings, making the stock its 23rd biggest holding. CQS Cayman LP owned about 0.07% of Ryanair Holdings PLC worth $18,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Ryanair Holdings PLC by 2,988.0% in the first quarter. BlackRock Inc. now owns 1,306,028 shares of the transportation company’s stock worth $108,374,000 after acquiring an additional 1,263,734 shares in the last quarter. FMR LLC increased its position in shares of Ryanair Holdings PLC by 3.0% in the second quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock worth $1,508,884,000 after acquiring an additional 414,790 shares in the last quarter. Segantii Capital Management Ltd increased its position in shares of Ryanair Holdings PLC by 480.4% in the second quarter. Segantii Capital Management Ltd now owns 261,172 shares of the transportation company’s stock worth $28,254,000 after acquiring an additional 216,172 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Ryanair Holdings PLC by 21.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,178,231 shares of the transportation company’s stock worth $97,770,000 after acquiring an additional 207,777 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Ryanair Holdings PLC by 6.3% in the first quarter. Janus Capital Management LLC now owns 3,297,367 shares of the transportation company’s stock worth $273,610,000 after acquiring an additional 195,986 shares in the last quarter. 40.35% of the stock is currently owned by institutional investors.

Ryanair Holdings PLC (NASDAQ:RYAAY) last posted its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.02 billion.

Ryanair Holdings PLC announced that its board has initiated a share repurchase program on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Several research firms have recently weighed in on RYAAY. UBS AG downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. Kepler Capital Markets downgraded shares of Ryanair Holdings PLC from a “hold” rating to a “reduce” rating in a research report on Thursday. ValuEngine raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. HSBC Holdings plc raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $100.33.

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Ryanair Holdings PLC Profile

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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Institutional Ownership by Quarter for Ryanair Holdings PLC (NASDAQ:RYAAY)

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