Natixis Advisors LLC Boosts Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Natixis Advisors LLC lifted its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 12.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 393,030 shares of the transportation company’s stock after acquiring an additional 43,449 shares during the period. Natixis Advisors LLC’s holdings in Ryanair were worth $17,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC grew its position in Ryanair by 149.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 4,898 shares of the transportation company’s stock worth $221,000 after acquiring an additional 2,934 shares in the last quarter. CIBC Asset Management Inc raised its stake in Ryanair by 122.1% in the third quarter. CIBC Asset Management Inc now owns 95,621 shares of the transportation company’s stock worth $4,320,000 after buying an additional 52,566 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Ryanair by 155.7% during the third quarter. OneDigital Investment Advisors LLC now owns 7,105 shares of the transportation company’s stock worth $321,000 after purchasing an additional 4,326 shares in the last quarter. Zions Bancorporation N.A. increased its position in shares of Ryanair by 265.6% during the third quarter. Zions Bancorporation N.A. now owns 17,820 shares of the transportation company’s stock worth $805,000 after purchasing an additional 12,946 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Ryanair by 702.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 45,323 shares of the transportation company’s stock valued at $2,048,000 after acquiring an additional 39,674 shares during the period. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RYAAY shares. Sanford C. Bernstein lowered their price target 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. 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 report on Friday, October 25th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $154.67.

Ryanair Stock Up 0.6 %

Shares of NASDAQ RYAAY opened at $45.02 on Wednesday. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The company has a market capitalization of $24.50 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 2.59 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50-day moving average is $62.23 and its two-hundred day moving average is $95.92.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results 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 return on equity of 19.92% and a net margin of 11.38%. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company posted $2.88 EPS. Equities analysts anticipate that Ryanair Holdings plc will post 2.97 EPS 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.