Assetmark Inc. Buys 213,948 Shares of Ryanair Holdings PLC $RYAAY

Key Points

• Assetmark Inc. raised its stake in Ryanair by 151.0% in Q4, buying 213,948 shares to hold 355,617 shares (about 0.07% of the company) valued at $25.67 million.
• Ryanair beat quarterly expectations, reporting $0.26 EPS versus $0.18 consensus and revenue of $3.77 billion versus $3.16 billion, with a net margin of 15.04% and return on equity of 29.76%.
• Analysts are broadly positive (average rating "Moderate Buy") with a consensus price target of $75.67; the stock trades at a P/E of 12.44 and a market cap of $32.35 billion.

Assetmark Inc. raised its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 151.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,617 shares of the transportation company's stock after purchasing an additional 213,948 shares during the period. Assetmark Inc. owned approximately 0.07% of Ryanair worth $25,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. USA Financial Formulas bought a new position in Ryanair during the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC lifted its holdings in Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company's stock valued at $28,000 after purchasing an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. UMB Bank n.a. lifted its holdings in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company's stock valued at $33,000 after purchasing an additional 497 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company's stock valued at $41,000 after purchasing an additional 277 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Performance

Shares of RYAAY stock opened at $61.97 on Thursday. The stock has a market cap of $32.35 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.59 and a beta of 1.26. The company has a fifty day moving average price of $62.97 and a two-hundred day moving average price of $65.21. Ryanair Holdings PLC has a one year low of $44.51 and a one year high of $74.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. As a group, equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RYAAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Ryanair in a research note on Thursday, January 15th. Evercore upgraded shares of Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Thursday, March 12th. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a report on Thursday, January 8th. Zacks Research cut shares of Ryanair from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Finally, Weiss Ratings cut shares of Ryanair from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ryanair currently has an average rating of "Moderate Buy" and a consensus price target of $75.67.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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