Ovata Capital Management Ltd Takes $24.71 Million Position in Ryanair Holdings PLC $RYAAY

Ovata Capital Management Ltd purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 428,055 shares of the transportation company’s stock, valued at approximately $24,705,000. Ryanair accounts for 5.3% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 7th largest holding. Ovata Capital Management Ltd owned 0.08% of Ryanair as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of Ryanair during the second quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Ryanair by 1,158.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 938 shares during the last quarter. CWM LLC lifted its position in Ryanair by 39.8% during the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after acquiring an additional 339 shares during the period. Maseco LLP purchased a new position in shares of Ryanair in the 2nd quarter valued at approximately $53,000. Finally, Brooklyn Investment Group grew its stake in shares of Ryanair by 260.5% in the 1st quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 1,029 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Performance

NASDAQ RYAAY opened at $64.19 on Thursday. The business has a 50 day moving average price of $60.30 and a 200 day moving average price of $58.24. The company has a market capitalization of $33.90 billion, a P/E ratio of 15.07, a PEG ratio of 0.66 and a beta of 1.39. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $67.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. The business had revenue of $6.32 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Sell-side analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on RYAAY. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Morgan Stanley initiated coverage on shares of Ryanair in a report on Wednesday, October 15th. They issued an “overweight” rating on the stock. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Finally, Wall Street Zen cut Ryanair from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.00.

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.