Park Avenue Securities LLC Cuts Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Park Avenue Securities LLC lessened its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Perpetual Ltd increased its holdings in Ryanair by 1.4% during the 1st quarter. Perpetual Ltd now owns 104,629 shares of the transportation company’s stock worth $15,278,000 after purchasing an additional 1,426 shares during the period. Mather Group LLC. purchased a new stake in Ryanair during the 1st quarter worth about $90,000. GAMMA Investing LLC increased its holdings in Ryanair by 44.9% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Quadrature Capital Ltd increased its holdings in Ryanair by 151.3% during the 4th quarter. Quadrature Capital Ltd now owns 14,041 shares of the transportation company’s stock worth $1,873,000 after purchasing an additional 8,454 shares during the period. Finally, TT International Asset Management LTD increased its holdings in Ryanair by 10.1% during the 4th quarter. TT International Asset Management LTD now owns 62,460 shares of the transportation company’s stock worth $8,329,000 after purchasing an additional 5,721 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

RYAAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Friday, May 24th. UBS Group cut Ryanair from a “buy” rating to a “neutral” rating in a research report on Thursday, June 20th. Evercore ISI upped their price objective on Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ryanair presently has an average rating of “Hold” and a consensus price target of $158.50.

Ryanair Stock Down 0.2 %

Shares of NASDAQ RYAAY opened at $116.44 on Friday. The stock has a market cap of $26.49 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.33. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The business has a 50-day moving average price of $125.86 and a 200 day moving average price of $132.73.

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

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.