Profund Advisors LLC cut its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 23.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,008 shares of the transportation company’s stock after selling 3,126 shares during the quarter. Profund Advisors LLC’s holdings in Ryanair were worth $1,043,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in RYAAY. Shine Investment Advisory Services Inc. raised its stake in shares of Ryanair by 1,715.1% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 962 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 909 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Ryanair by 1,350.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,088 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,013 shares in the last quarter. US Bancorp DE raised its stake in shares of Ryanair by 168.2% in the 4th quarter. US Bancorp DE now owns 1,172 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 735 shares in the last quarter. Assetmark Inc. raised its stake in shares of Ryanair by 64.0% in the 4th quarter. Assetmark Inc. now owns 1,322 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 516 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Ryanair in the 4th quarter worth approximately $148,000. Institutional investors and hedge funds own 42.35% of the company’s stock.
Shares of RYAAY stock opened at $122.26 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $28,972.99, a P/E ratio of 21.30, a P/E/G ratio of 0.85 and a beta of 0.64. Ryanair Holdings plc has a one year low of $84.75 and a one year high of $127.61.
Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, February 5th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.68 billion. Ryanair had a return on equity of 32.17% and a net margin of 20.99%. research analysts expect that Ryanair Holdings plc will post 7.29 earnings per share for the current fiscal year.
Ryanair declared that its board has approved a share repurchase program on Monday, February 5th that allows the company to repurchase outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Several research analysts have commented on the company. Zacks Investment Research downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS upgraded Ryanair from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. BidaskClub upgraded Ryanair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. ValuEngine upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein upgraded Ryanair from an “underperform” rating to a “market perform” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ryanair currently has a consensus rating of “Hold” and an average price target of $109.67.
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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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