Venturi Wealth Management LLC Buys 7,802 Shares of Ryanair Holdings PLC (NASDAQ:RYAAY)

Key Points

• Venturi Wealth Management LLC significantly increased its stake in Ryanair Holdings by 6,966.1% in Q1, acquiring an additional 7,802 shares to bring their total holdings to 7,914 shares valued at $335,000.
• Several hedge funds also boosted their investments in Ryanair, with Cambridge Investment Research Advisors and Farther Finance Advisors increasing their stakes by 26.6% and 1,190.3%, respectively.
• Ryanair reported an earnings per share of $1.74 for the last quarter, exceeding expectations, and had a revenue of $5.07 billion, outpacing analyst estimates of $4.16 billion.

Venturi Wealth Management LLC increased its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 6,966.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,914 shares of the transportation company's stock after acquiring an additional 7,802 shares during the quarter. Venturi Wealth Management LLC's holdings in Ryanair were worth $335,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RYAAY. Cambridge Investment Research Advisors Inc. grew its position in Ryanair by 26.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock valued at $327,000 after purchasing an additional 1,621 shares during the period. Farther Finance Advisors LLC grew its position in Ryanair by 1,190.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock valued at $249,000 after purchasing an additional 5,380 shares during the period. Golden State Wealth Management LLC grew its position in Ryanair by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after purchasing an additional 481 shares during the period. Envestnet Asset Management Inc. grew its position in Ryanair by 19.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock valued at $22,310,000 after purchasing an additional 87,532 shares during the period. Finally, Bessemer Group Inc. grew its position in Ryanair by 351.1% in the 1st quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock valued at $816,000 after purchasing an additional 14,980 shares during the period. Institutional investors own 43.66% of the company's stock.

Analyst Ratings Changes

RYAAY has been the subject of several research reports. Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research report on Wednesday. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $111.50.

Ryanair Price Performance

RYAAY opened at $63.79 on Friday. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.03 and a beta of 1.38. Ryanair Holdings PLC has a 1 year low of $38.39 and a 1 year high of $63.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.74. The firm's fifty day moving average price is $57.16 and its two-hundred day moving average price is $49.75.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.25. The company had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. As a group, analysts anticipate that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

About Ryanair

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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