FNY Partners Fund LP grew its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 1,059.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,800 shares of the transportation company’s stock after buying an additional 19,920 shares during the quarter. FNY Partners Fund LP’s holdings in Ryanair Holdings PLC were worth $2,345,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in RYAAY. Quantbot Technologies LP bought a new position in Ryanair Holdings PLC during the 1st quarter valued at about $106,000. Oregon Public Employees Retirement Fund bought a new position in Ryanair Holdings PLC during the 2nd quarter valued at about $108,000. PNC Financial Services Group Inc. grew its holdings in Ryanair Holdings PLC by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after purchasing an additional 98 shares during the last quarter. Private Advisor Group LLC bought a new position in Ryanair Holdings PLC during the 1st quarter valued at about $204,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Ryanair Holdings PLC during the 1st quarter valued at about $236,000. Hedge funds and other institutional investors own 40.13% of the company’s stock.
RYAAY has been the topic of several analyst reports. BidaskClub downgraded shares of Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and upped their price target for the company from $67.56 to $109.00 in a report on Thursday, June 15th. HSBC Holdings plc upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $100.33.
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Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) traded up 0.03% during trading on Monday, reaching $116.07. 96,979 shares of the company’s stock were exchanged. Ryanair Holdings PLC has a 12-month low of $67.56 and a 12-month high of $122.68. The stock has a market cap of $28.02 billion, a P/E ratio of 16.91 and a beta of 0.61. The company has a 50 day moving average of $115.29 and a 200 day moving average of $101.13.
Ryanair Holdings PLC (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Equities research analysts anticipate that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC announced that its board has initiated a stock buyback program on Tuesday, May 30th that permits the company to buyback outstanding shares. This buyback authorization permits the transportation company to purchase up to 2.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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