Pathstone Holdings LLC Purchases 10,397 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Pathstone Holdings LLC increased its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,861 shares of the transportation company’s stock after purchasing an additional 10,397 shares during the quarter. Pathstone Holdings LLC’s holdings in Ryanair were worth $1,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RYAAY. Comgest Global Investors S.A.S. lifted its holdings in shares of Ryanair by 99.1% during the third quarter. Comgest Global Investors S.A.S. now owns 295,385 shares of the transportation company’s stock valued at $13,345,000 after acquiring an additional 146,990 shares during the period. Natixis Advisors LLC increased its stake in shares of Ryanair by 12.4% in the third quarter. Natixis Advisors LLC now owns 393,030 shares of the transportation company’s stock valued at $17,757,000 after buying an additional 43,449 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of Ryanair by 149.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 4,898 shares of the transportation company’s stock valued at $221,000 after buying an additional 2,934 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Ryanair by 122.1% in the third quarter. CIBC Asset Management Inc now owns 95,621 shares of the transportation company’s stock valued at $4,320,000 after buying an additional 52,566 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Ryanair by 155.7% in the third quarter. OneDigital Investment Advisors LLC now owns 7,105 shares of the transportation company’s stock valued at $321,000 after buying an additional 4,326 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RYAAY. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Sanford C. Bernstein decreased their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays upgraded Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $154.67.

Ryanair Trading Up 1.2 %

NASDAQ:RYAAY opened at $43.86 on Thursday. The stock has a market capitalization of $23.87 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.54. The business’s 50-day simple moving average is $54.36 and its 200-day simple moving average is $92.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. 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 released its 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). The firm had revenue of $5.57 billion during 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 in the previous year, the firm posted $2.88 EPS. Sell-side analysts expect that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

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.