Marshall Wace LLP Decreases Holdings in Ryanair Holdings PLC $RYAAY

Marshall Wace LLP decreased its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 66.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,617 shares of the transportation company’s stock after selling 411,720 shares during the period. Marshall Wace LLP’s holdings in Ryanair were worth $11,858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of Ryanair by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 18,481 shares of the transportation company’s stock worth $783,000 after purchasing an additional 4,909 shares during the period. LPL Financial LLC increased its position in Ryanair by 9.1% in the first quarter. LPL Financial LLC now owns 54,247 shares of the transportation company’s stock worth $2,298,000 after buying an additional 4,504 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ryanair by 47.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 219,033 shares of the transportation company’s stock valued at $9,280,000 after buying an additional 70,713 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Ryanair during the 1st quarter valued at $238,000. Finally, HighTower Advisors LLC lifted its position in shares of Ryanair by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 14,577 shares of the transportation company’s stock valued at $618,000 after buying an additional 1,060 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Sanford C. Bernstein cut shares of Ryanair from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Morgan Stanley began coverage on shares of Ryanair in a report on Wednesday, October 15th. They issued an “overweight” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Stock Performance

Ryanair stock opened at $67.30 on Thursday. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $68.68. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $35.42 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.71 and a beta of 1.26. The firm’s 50 day simple moving average is $63.22 and its 200 day simple moving average is $60.88.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $5.44 billion. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. As a group, analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

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.