Janney Montgomery Scott LLC Increases Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Janney Montgomery Scott LLC raised its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 149.1% during the third quarter, Holdings Channel.com reports. The fund owned 19,055 shares of the transportation company’s stock after purchasing an additional 11,404 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ryanair were worth $861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Ryanair in the first quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after buying an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in Ryanair in the first quarter worth about $50,000. Ridgewood Investments LLC purchased a new stake in Ryanair in the second quarter worth about $50,000. Finally, Signaturefd LLC boosted its position in Ryanair by 153.1% during the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 539 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $44.87 on Friday. 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 firm has a market cap of $24.55 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.54. The business has a 50-day simple moving average of $64.95 and a two-hundred day simple moving average of $97.80. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week 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 company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter last year, the company earned $2.88 EPS. On average, analysts expect that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RYAAY shares. Citigroup upgraded Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Sanford C. Bernstein cut their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, three have given 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 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.