Huntington National Bank cut its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,574 shares of the transportation company’s stock after selling 148 shares during the period. Huntington National Bank’s holdings in Ryanair Holdings PLC were worth $277,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Ryanair Holdings PLC during the first quarter valued at approximately $106,000. Oregon Public Employees Retirement Fund acquired a new stake in Ryanair Holdings PLC during the second quarter valued at approximately $108,000. FNY Partners Fund LP acquired a new stake in Ryanair Holdings PLC during the first quarter valued at approximately $156,000. PNC Financial Services Group Inc. increased its stake in Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after buying an additional 98 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Ryanair Holdings PLC during the first quarter valued at about $204,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.
Ryanair Holdings PLC (RYAAY) opened at 120.16 on Thursday. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.48 by $0.30. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. Equities research analysts predict that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC announced that its board has initiated a stock repurchase program on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Several research analysts have issued reports on RYAAY shares. Goldman Sachs Group, Inc. (The) upgraded shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and raised their price target for the stock from $67.56 to $109.00 in a report on Thursday, June 15th. ValuEngine upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. BidaskClub lowered shares of Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. HSBC Holdings plc upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Saturday, May 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Ryanair Holdings PLC has an average rating of “Buy” and an average target price of $100.33.
Ryanair Holdings PLC Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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