Ryanair Holdings PLC $RYAAY Stock Position Cut by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP decreased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,680,298 shares of the transportation company’s stock after selling 55,300 shares during the period. Ryanair accounts for approximately 16.7% of Trinity Street Asset Management LLP’s holdings, making the stock its 2nd biggest holding. Trinity Street Asset Management LLP’s holdings in Ryanair were worth $265,681,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Ryanair during the third quarter worth about $26,000. CIBC Private Wealth Group LLC grew its stake in shares of Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after acquiring an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after acquiring an additional 497 shares during the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Ryanair during the second quarter worth about $39,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RYAAY shares. Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Finally, Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.67.

Ryanair Stock Performance

NASDAQ RYAAY opened at $64.20 on Thursday. The stock has a market cap of $33.59 billion, a PE ratio of 12.89, a P/E/G ratio of 0.49 and a beta of 1.26. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a twelve month low of $40.33 and a twelve month high of $74.24. The stock has a fifty day simple moving average of $63.82 and a 200-day simple moving average of $65.00.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. Equities analysts anticipate that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.