QRG Capital Management Inc. Purchases 51,950 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

QRG Capital Management Inc. raised its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 120.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,040 shares of the transportation company’s stock after buying an additional 51,950 shares during the period. QRG Capital Management Inc.’s holdings in Ryanair were worth $4,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in Ryanair in the 1st quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of Ryanair by 261.5% in the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 646 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 539 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Ryanair in the 1st quarter valued at $50,000. Institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

RYAAY has been the topic of a number of analyst reports. Sanford C. Bernstein cut their price target 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. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded Ryanair to a “hold” rating in a report on Friday, July 12th. Finally, StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.67.

Ryanair Stock Performance

Shares of Ryanair stock opened at $46.29 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.67 and a beta of 1.54. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $60.29. The stock’s 50-day moving average is $75.40 and its 200-day moving average is $102.54.

Ryanair (NASDAQ:RYAAY) last released its quarterly 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). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company earned $2.88 EPS. Equities analysts predict that Ryanair Holdings plc will post 2.92 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.