Oppenheimer Asset Management Inc. Has $2.05 Million Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Oppenheimer Asset Management Inc. grew its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 702.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,323 shares of the transportation company’s stock after purchasing an additional 39,674 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Ryanair were worth $2,048,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. increased its position in shares of Ryanair by 175.7% in the third 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 period. Capital International Investors increased its holdings 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 during the period. Capital World Investors raised its position in shares of Ryanair by 30.0% in 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 buying an additional 2,791,513 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Ryanair by 2.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock worth $1,100,716,000 after acquiring an additional 183,584 shares during the period. 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. 43.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on RYAAY. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Citigroup raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein dropped 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. 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, the stock currently has an average rating of “Buy” and an average target price of $154.67.

Ryanair Stock Down 0.5 %

NASDAQ:RYAAY opened at $44.87 on Friday. 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 Holdings plc has a one year low of $36.96 and a one year high of $60.29. The firm’s 50 day simple moving average is $64.95 and its 200 day simple moving average is $97.80. The company has a market cap of $24.55 billion, a PE ratio of 14.96, a P/E/G ratio of 2.57 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). The business 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 last year, the firm posted $2.88 EPS. On average, research analysts anticipate that Ryanair Holdings plc will post 2.97 earnings per share for the current 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.