Ryanair Holdings PLC $RYAAY Stock: U S Global Investors Inc. Increases Holdings

U S Global Investors Inc. increased its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 9.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 153,149 shares of the transportation company’s stock after acquiring an additional 13,396 shares during the period. Ryanair makes up approximately 0.8% of U S Global Investors Inc.’s holdings, making the stock its 27th largest holding. U S Global Investors Inc.’s holdings in Ryanair were worth $8,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hudson Edge Investment Partners Inc. grew its holdings in Ryanair by 2.9% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock worth $56,485,000 after acquiring an additional 27,700 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ryanair in the 1st quarter valued at about $4,190,000. Metropolis Capital Ltd raised its stake in shares of Ryanair by 10.8% in the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after purchasing an additional 385,444 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Ryanair by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 755,526 shares of the transportation company’s stock valued at $48,920,000 after purchasing an additional 40,648 shares in the last quarter. Finally, Trinity Street Asset Management LLP lifted its position in shares of Ryanair by 3.2% during the second quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock worth $230,992,000 after purchasing an additional 110,700 shares during the last quarter. 43.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RYAAY shares. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, October 9th. Morgan Stanley started coverage on shares of Ryanair in a research report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price target on the stock. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Ryanair has a consensus rating of “Moderate Buy” and a consensus target price of $73.97.

Ryanair Stock Down 0.8%

RYAAY stock opened at $53.67 on Friday. The company has a 50-day simple moving average of $54.56 and a 200 day simple moving average of $58.07. The company has a market capitalization of $27.80 billion, a P/E ratio of 12.44, a PEG ratio of 4.43 and a beta of 1.19. Ryanair Holdings PLC has a fifty-two week low of $51.02 and a fifty-two week high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.06 billion. Equities analysts anticipate that Ryanair Holdings PLC will post 3.76 EPS for the current year.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.