English Capital Management LLC Acquires Shares of 105,000 Ryanair Holdings plc (NASDAQ:RYAAY)

English Capital Management LLC purchased a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,000 shares of the transportation company’s stock, valued at approximately $4,744,000. Ryanair accounts for about 3.5% of English Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in Ryanair by 188.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after acquiring an additional 17,810,361 shares during the period. Baillie Gifford & Co. boosted its position in shares of 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 during the last quarter. Metropolis Capital Ltd grew its stake in shares of Ryanair by 177.4% during the third quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock worth $180,996,000 after purchasing an additional 2,562,066 shares during the period. Trinity Street Asset Management LLP increased its holdings in Ryanair by 154.4% in the third quarter. Trinity Street Asset Management LLP now owns 3,755,750 shares of the transportation company’s stock valued at $169,685,000 after purchasing an additional 2,279,250 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in Ryanair by 179.1% in the third quarter. Artemis Investment Management LLP now owns 1,594,774 shares of the transportation company’s stock valued at $72,052,000 after buying an additional 1,023,297 shares during the period. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RYAAY. Sanford C. Bernstein lowered their target price 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. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and a consensus target price of $154.67.

Ryanair Stock Performance

RYAAY opened at $42.98 on Friday. The business’s 50-day simple moving average is $58.31 and its 200 day simple moving average is $94.51. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $23.39 billion, a PE ratio of 14.33, a PEG ratio of 2.47 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter in the previous year, the firm posted $2.88 earnings per share. As a group, sell-side analysts expect 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.