Ryanair Holdings PLC (NASDAQ:RYAAY) Stake Boosted by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp increased its stake in Ryanair Holdings PLC by 19.9% during the first quarter, bringing its total ownership to 97,405 shares valued at approximately $4.13 million.
• Several institutional investors made significant boosts to their holdings in Ryanair, with Farther Finance Advisors LLC increasing its stake by 1,190.3%, demonstrating strong interest in the stock.
• Ryanair reported an EPS of $1.74 for the quarter, exceeding analysts’ expectations, alongside a revenue of $5.07 billion against estimates of $4.16 billion.

Bank of New York Mellon Corp grew its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,405 shares of the transportation company's stock after acquiring an additional 16,177 shares during the period. Bank of New York Mellon Corp's holdings in Ryanair were worth $4,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RYAAY. Cambridge Investment Research Advisors Inc. boosted its holdings in Ryanair by 26.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock worth $327,000 after purchasing an additional 1,621 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Ryanair by 1,190.3% in the first quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock worth $249,000 after purchasing an additional 5,380 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Ryanair by 351.1% in the first quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock worth $816,000 after purchasing an additional 14,980 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Ryanair by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,510 shares of the transportation company's stock worth $869,000 after purchasing an additional 1,824 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYAAY has been the subject of a number of recent research reports. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Citigroup reissued a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Raymond James Financial reissued a "strong-buy" rating and set a $76.00 target price (up previously from $70.00) on shares of Ryanair in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $111.50.

Ryanair Stock Up 1.9%

Shares of RYAAY opened at $63.79 on Friday. The company has a 50-day simple moving average of $57.16 and a 200-day simple moving average of $49.75. The firm has a market capitalization of $33.85 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 0.66. Ryanair Holdings PLC has a 52 week low of $38.39 and a 52 week high of $63.91.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.25. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, equities research analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Company 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.

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