Park Avenue Securities LLC Decreases Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Park Avenue Securities LLC trimmed its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,636 shares of the transportation company’s stock after selling 132 shares during the quarter. Park Avenue Securities LLC’s holdings in Ryanair were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RYAAY. Mariner LLC increased its stake in shares of Ryanair by 14.2% in the third quarter. Mariner LLC now owns 6,156 shares of the transportation company’s stock worth $598,000 after buying an additional 765 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Ryanair by 86.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 571 shares of the transportation company’s stock worth $56,000 after buying an additional 264 shares during the period. Bank of Nova Scotia boosted its holdings in Ryanair by 1.4% in the third quarter. Bank of Nova Scotia now owns 16,403 shares of the transportation company’s stock valued at $1,594,000 after acquiring an additional 226 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Ryanair in the third quarter valued at $543,000. Finally, Lansdowne Partners UK LLP boosted its holdings in Ryanair by 17.8% in the third quarter. Lansdowne Partners UK LLP now owns 2,081,085 shares of the transportation company’s stock valued at $202,301,000 after acquiring an additional 314,588 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Deutsche Bank Aktiengesellschaft cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, May 24th. UBS Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Finally, Evercore ISI lifted their price target on shares of Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ryanair currently has an average rating of “Hold” and a consensus target price of $158.50.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $116.44 on Friday. Ryanair Holdings plc has a fifty-two week low of $87.18 and a fifty-two week high of $150.73. The business has a 50-day simple moving average of $125.86 and a two-hundred day simple moving average of $132.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.52.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, May 20th. The transportation company reported ($1.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.01. Ryanair had a return on equity of 25.59% and a net margin of 14.30%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. On average, analysts expect that Ryanair Holdings plc will post 11 earnings per share for the current year.

Ryanair Company Profile

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.