Victory Capital Management Inc. Trims Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Victory Capital Management Inc. trimmed its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 94.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 9,630 shares of the transportation company’s stock after selling 150,135 shares during the period. Victory Capital Management Inc.’s holdings in Ryanair were worth $435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RYAAY. GAMMA Investing LLC raised its holdings in shares of Ryanair by 261.5% in the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock valued at $40,000 after buying an additional 646 shares during the last quarter. Signaturefd LLC raised its holdings in Ryanair by 153.1% during the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock worth $40,000 after purchasing an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. Ridgewood Investments LLC purchased a new position in Ryanair during the second quarter worth about $50,000. Finally, Advisors Asset Management Inc. purchased a new position in Ryanair during the first quarter worth about $50,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Up 0.4 %

Shares of NASDAQ RYAAY opened at $44.04 on Friday. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The firm’s 50 day moving average price is $51.54 and its 200 day moving average price is $91.53. The firm has a market cap of $23.96 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the business posted $2.88 EPS. As a group, sell-side analysts anticipate that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Wall Street Analyst Weigh In

RYAAY has been the subject of several analyst reports. UBS Group raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Sanford C. Bernstein lowered their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $154.67.

Ryanair 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.