Russell Investments Group Ltd. Sells 59,808 Shares of Ryanair Holdings PLC $RYAAY

Russell Investments Group Ltd. lowered its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 991,795 shares of the transportation company’s stock after selling 59,808 shares during the period. Russell Investments Group Ltd.’s holdings in Ryanair were worth $57,143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Management Professionals Inc. bought a new position in Ryanair during the second quarter worth about $31,000. Parkside Financial Bank & Trust grew its position in shares of Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after purchasing an additional 424 shares in the last quarter. Evelyn Partners Investment Management Services Ltd increased its holdings in shares of Ryanair by 40.4% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after purchasing an additional 202 shares during the period. Maseco LLP bought a new position in shares of Ryanair during the second quarter worth approximately $53,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Ryanair by 1,158.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after buying an additional 938 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RYAAY has been the topic of a number of analyst reports. Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Morgan Stanley began coverage on Ryanair in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a research report on Monday. Sanford C. Bernstein cut shares of Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Price Performance

Ryanair stock opened at $68.40 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $68.68. The stock has a market capitalization of $35.99 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. The stock has a fifty day moving average of $61.58 and a 200-day moving average of $59.95.

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

About Ryanair

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.