Primecap Management Co. CA Acquires 638,350 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Primecap Management Co. CA boosted its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 148.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,250 shares of the transportation company’s stock after acquiring an additional 638,350 shares during the quarter. Primecap Management Co. CA owned 0.20% of Ryanair worth $48,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAAY. Advisors Asset Management Inc. grew its position in shares of Ryanair by 182.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,217 shares of the transportation company’s stock valued at $100,000 after buying an additional 1,431 shares during the last quarter. Chou Associates Management Inc. lifted its stake in shares of Ryanair by 150.0% in the third quarter. Chou Associates Management Inc. now owns 5,937 shares of the transportation company’s stock worth $268,000 after acquiring an additional 3,562 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in Ryanair by 150.1% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 264,930 shares of the transportation company’s stock valued at $11,970,000 after acquiring an additional 159,019 shares during the last quarter. Pathstone Holdings LLC increased its position in Ryanair by 36.5% during the 3rd quarter. Pathstone Holdings LLC now owns 38,861 shares of the transportation company’s stock valued at $1,756,000 after purchasing an additional 10,397 shares during the period. Finally, Comgest Global Investors S.A.S. raised its holdings in Ryanair by 99.1% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 295,385 shares of the transportation company’s stock worth $13,345,000 after purchasing an additional 146,990 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. UBS Group upgraded 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. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $154.67.

Ryanair Price Performance

RYAAY stock opened at $42.88 on Friday. 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 business has a 50-day simple moving average of $59.58 and a two-hundred day simple moving average of $95.19. The company has a market capitalization of $23.33 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.60 and a beta of 1.54. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29.

Ryanair (NASDAQ:RYAAY) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 company posted $2.88 EPS. Research analysts expect that Ryanair Holdings plc will post 2.97 EPS for the current fiscal 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.