Citigroup Inc. Acquires 55,227 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Citigroup Inc. grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 140.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,568 shares of the transportation company’s stock after purchasing an additional 55,227 shares during the period. Citigroup Inc.’s holdings in Ryanair were worth $4,273,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC raised its holdings in Ryanair by 28.4% in the 1st quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company’s stock worth $284,000 after purchasing an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Ryanair by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 43,090 shares of the transportation company’s stock valued at $5,017,000 after acquiring an additional 3,109 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Ryanair by 19.8% during the 2nd quarter. Artemis Investment Management LLP now owns 571,477 shares of the transportation company’s stock valued at $66,543,000 after acquiring an additional 94,393 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Ryanair by 66.1% during the 2nd quarter. Blue Trust Inc. now owns 1,596 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RYAAY. Sanford C. Bernstein cut their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Finally, UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $154.67.

Ryanair Stock Performance

Shares of RYAAY opened at $44.53 on Wednesday. The stock has a 50-day simple moving average of $48.76 and a 200-day simple moving average of $89.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $24.23 billion, a PE ratio of 14.84, a PEG ratio of 2.55 and a beta of 1.51. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter in the prior year, the firm posted $2.88 EPS. On average, analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

About Ryanair

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.