Sumitomo Mitsui Trust Group Inc. Buys 2,444 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Sumitomo Mitsui Trust Group Inc. raised its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,681 shares of the transportation company’s stock after acquiring an additional 2,444 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryanair were worth $1,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after purchasing an additional 15,008,023 shares in the last quarter. Capital International Investors increased its position in shares of Ryanair by 34.9% during the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after purchasing an additional 3,734,770 shares during the last quarter. Capital World Investors boosted its holdings in Ryanair by 30.0% during the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock valued at $1,759,590,000 after acquiring an additional 2,791,513 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Ryanair by 2.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock valued at $1,100,716,000 after purchasing an additional 183,584 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in shares of Ryanair by 177.4% during the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock worth $180,996,000 after acquiring an additional 2,562,066 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

Shares of RYAAY opened at $45.02 on Wednesday. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. 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 has a market capitalization of $24.50 billion, a PE ratio of 15.01, a PEG ratio of 2.59 and a beta of 1.54. The company’s 50-day moving average is $62.23 and its 200-day moving average is $95.92.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share (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 analyst estimates of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same period in the prior year, the company earned $2.88 EPS. Equities analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RYAAY shares. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Citigroup upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein lowered their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Ryanair currently has a consensus rating of “Buy” and an average target price of $154.67.

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.