JPMorgan Chase & Co. Grows Position in Ryanair Holdings PLC $RYAAY

JPMorgan Chase & Co. boosted its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 23.8% during the 2nd quarter, Holdings Channel reports. The fund owned 2,800,393 shares of the transportation company’s stock after acquiring an additional 539,256 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ryanair were worth $161,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RYAAY. Price T Rowe Associates Inc. MD purchased a new stake in shares of Ryanair in the 1st quarter valued at approximately $118,071,000. Goldman Sachs Group Inc. increased its holdings in Ryanair by 658.1% in the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares during the last quarter. Ovata Capital Management Ltd acquired a new stake in Ryanair in the second quarter valued at $24,705,000. Cambiar Investors LLC purchased a new stake in Ryanair during the 1st quarter worth about $11,785,000. Finally, Royal Bank of Canada lifted its holdings in Ryanair by 7.3% during the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock worth $165,630,000 after buying an additional 266,343 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 $68.40 on Thursday. The stock has a market cap of $35.99 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.66 and a beta of 1.39. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $68.68. The stock has a 50 day moving average of $61.35 and a two-hundred day moving average of $59.89. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.14. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $5.44 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, research analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Ryanair in a report on Wednesday, October 15th. They issued an “overweight” rating on the stock. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

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.