Capital Group Private Client Services Inc. Sells 53,817 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Capital Group Private Client Services Inc. decreased its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,409 shares of the transportation company’s stock after selling 53,817 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Ryanair were worth $32,056,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI raised its holdings in Ryanair by 198.6% during the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. R Squared Ltd purchased a new stake in shares of Ryanair during the fourth quarter worth about $42,000. EverSource Wealth Advisors LLC raised its stake in Ryanair by 32.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 236 shares during the period. Redwood Park Advisors LLC purchased a new position in Ryanair in the 4th quarter worth approximately $43,000. Finally, Pinnacle Bancorp Inc. boosted its stake in Ryanair by 150.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company’s stock worth $47,000 after purchasing an additional 645 shares during the period. Institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RYAAY. StockNews.com downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $147.00.

Ryanair Stock Up 1.1 %

Shares of RYAAY opened at $45.68 on Friday. The business’s 50 day simple moving average is $45.23 and its 200-day simple moving average is $44.84. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $57.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. As a group, equities analysts expect that Ryanair Holdings plc will post 3.09 earnings per share for the current fiscal 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.