Ryanair Holdings plc (NASDAQ:RYAAY) Shares Bought by Lancaster Investment Management

Lancaster Investment Management increased its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 151.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 456,781 shares of the transportation company’s stock after purchasing an additional 274,934 shares during the period. Ryanair makes up about 12.9% of Lancaster Investment Management’s portfolio, making the stock its 3rd biggest holding. Lancaster Investment Management owned approximately 0.08% of Ryanair worth $20,637,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RYAAY. Mackenzie Financial Corp boosted its holdings in Ryanair by 826.7% in the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock worth $72,399,000 after acquiring an additional 554,680 shares in the last quarter. Scientech Research LLC boosted its holdings in shares of Ryanair by 306.5% in the second quarter. Scientech Research LLC now owns 7,260 shares of the transportation company’s stock worth $845,000 after acquiring an additional 5,474 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Ryanair by 27.1% during the second quarter. The Manufacturers Life Insurance Company now owns 322,074 shares of the transportation company’s stock valued at $37,502,000 after buying an additional 68,635 shares during the period. Sprucegrove Investment Management Ltd. raised its position in Ryanair by 13.2% during the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after purchasing an additional 368,800 shares in the last quarter. Finally, Trinity Street Asset Management LLP raised its position in Ryanair by 154.4% during 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 in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Down 3.4 %

Shares of NASDAQ:RYAAY opened at $45.68 on Friday. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 2.66 and a beta of 1.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.81. The company’s fifty day moving average is $71.58 and its two-hundred day moving average is $101.10. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29.

Ryanair (NASDAQ:RYAAY) last posted its quarterly 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 company 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 prior year, the business posted $2.88 earnings per share. Equities analysts anticipate that Ryanair Holdings plc will post 2.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RYAAY. Hsbc Global Res raised Ryanair to a “hold” rating in a research report on Friday, July 12th. Sanford C. Bernstein reduced their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, Citigroup raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.67.

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.