Chou Associates Management Inc. Raises Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Chou Associates Management Inc. boosted its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 150.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,937 shares of the transportation company’s stock after purchasing an additional 3,562 shares during the period. Ryanair comprises approximately 0.2% of Chou Associates Management Inc.’s portfolio, making the stock its 27th biggest holding. Chou Associates Management Inc.’s holdings in Ryanair were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in Ryanair during the first quarter valued at about $50,000. Capital Group Investment Management PTE. LTD. boosted its holdings in Ryanair by 20.8% in the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 24,021 shares of the transportation company’s stock worth $3,497,000 after buying an additional 4,144 shares during the period. Capital Group Private Client Services Inc. boosted its holdings in Ryanair by 14.4% in the 1st quarter. Capital Group Private Client Services Inc. now owns 339,595 shares of the transportation company’s stock worth $49,442,000 after buying an additional 42,864 shares during the period. Capital International Investors grew its stake in Ryanair by 34.9% in the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after buying an additional 3,734,770 shares in the last quarter. Finally, Capital International Inc. CA raised its holdings in Ryanair by 30.2% during the 1st quarter. Capital International Inc. CA now owns 897,403 shares of the transportation company’s stock valued at $130,653,000 after acquiring an additional 207,988 shares during the period. 43.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on RYAAY. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein reduced their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Ryanair currently has a consensus rating of “Buy” and an average target price of $154.67.

Ryanair Trading Up 0.6 %

Shares of RYAAY opened at $45.02 on Wednesday. The firm’s 50 day simple moving average is $62.23 and its 200 day simple moving average is $95.92. The company has a market capitalization of $24.50 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.59 and a beta of 1.54. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year 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.

Ryanair (NASDAQ:RYAAY) last announced its earnings results 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 company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter last year, the firm posted $2.88 earnings per share. Sell-side analysts forecast that Ryanair Holdings plc will post 2.97 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.