Trinity Street Asset Management LLP Has $265.68 Million Stock Position in Ryanair Holdings PLC $RYAAY

Key Points

• Trinity Street Asset Management trimmed its Q4 stake in Ryanair by 1.5%, now holding 3,680,298 shares worth about $265.68 million, which represents roughly 16.7% of the firm's portfolio and is its second-largest holding.
• Ryanair posted stronger-than-expected quarterly results with EPS of $0.26 (vs. $0.18 est.) and revenue of $3.77 billion (vs. $3.16 billion est.), plus high profitability (ROE 29.8%, net margin 15.0%).
• Analyst sentiment is mixed after recent downgrades but the consensus remains a "Moderate Buy" with an average target of $75.67; the stock trades in the mid-$60s with a PE of 12.89 and a market cap of $33.59 billion.

Trinity Street Asset Management LLP trimmed its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,680,298 shares of the transportation company's stock after selling 55,300 shares during the quarter. Ryanair accounts for approximately 16.7% of Trinity Street Asset Management LLP's investment portfolio, making the stock its 2nd largest holding. Trinity Street Asset Management LLP owned approximately 0.70% of Ryanair worth $265,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Ryanair in the third quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company's stock valued at $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock valued at $29,000 after acquiring an additional 209 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company's stock valued at $33,000 after acquiring an additional 497 shares in the last quarter. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Ryanair in the second quarter valued at about $39,000. 43.66% of the stock is currently owned by institutional investors.

Ryanair Price Performance

RYAAY opened at $64.20 on Thursday. The business's 50-day moving average is $63.82 and its two-hundred day moving average is $65.00. Ryanair Holdings PLC has a 1 year low of $40.33 and a 1 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. The firm has a market capitalization of $33.59 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.49 and a beta of 1.26.

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

Analyst Ratings Changes

Several analysts recently weighed in on RYAAY shares. Zacks Research downgraded Ryanair from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a report on Thursday, January 8th. Weiss Ratings downgraded Ryanair from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Sanford C. Bernstein restated a "market perform" rating and issued a $71.00 price objective on shares of Ryanair in a report on Tuesday, January 27th. Finally, Wall Street Zen downgraded Ryanair from a "buy" rating to a "hold" rating in a report on Sunday, January 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $75.67.

Ryanair 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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