Ryanair Holdings plc (NASDAQ:RYAAY) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 140.4% in the third quarter, Holdings Channel.com reports. The firm owned 94,568 shares of the transportation company’s stock after buying an additional 55,227 shares during the period. Citigroup Inc.’s holdings in Ryanair were worth $4,273,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in Ryanair by 188.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock valued at $1,231,762,000 after acquiring an additional 17,810,361 shares during the period. Baillie Gifford & Co. boosted its position in Ryanair by 175.7% during the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after purchasing an additional 15,008,023 shares during the last quarter. Metropolis Capital Ltd boosted its position in Ryanair by 177.4% during the third quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after purchasing an additional 2,562,066 shares during the last quarter. Trinity Street Asset Management LLP lifted its position in shares of Ryanair by 154.4% in the third quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock worth $169,685,000 after buying an additional 2,279,250 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. lifted its position in shares of Ryanair by 13.2% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock worth $368,901,000 after buying an additional 368,800 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $44.53 on Wednesday. The firm’s 50-day moving average price is $48.76 and its 200-day moving average price is $89.86. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29. The firm has a market capitalization of $24.23 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.55 and a beta of 1.51. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22.

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

Analyst Ratings Changes

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

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.