Trinity Street Asset Management LLP Grows Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Trinity Street Asset Management LLP increased its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,544,600 shares of the transportation company's stock after acquiring an additional 168,900 shares during the period. Ryanair makes up about 22.9% of Trinity Street Asset Management LLP's investment portfolio, making the stock its biggest position. Trinity Street Asset Management LLP owned approximately 0.68% of Ryanair worth $205,988,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RYAAY. Assenagon Asset Management S.A. acquired a new stake in Ryanair during the 4th quarter valued at $3,708,000. Lincoln National Corp acquired a new stake in Ryanair during the 3rd quarter valued at $320,000. Mercer Global Advisors Inc. ADV grew its holdings in Ryanair by 1,259.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 27,079 shares of the transportation company's stock valued at $2,632,000 after buying an additional 25,087 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in Ryanair during the 3rd quarter valued at $1,893,000. Finally, Trexquant Investment LP grew its holdings in Ryanair by 33.5% during the 3rd quarter. Trexquant Investment LP now owns 49,627 shares of the transportation company's stock valued at $4,824,000 after buying an additional 12,450 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Trading Up 1.1 %

Shares of RYAAY stock traded up $1.57 during mid-day trading on Friday, hitting $145.74. 462,929 shares of the company's stock were exchanged, compared to its average volume of 380,957. Ryanair Holdings plc has a fifty-two week low of $87.18 and a fifty-two week high of $148.76. The stock has a 50-day simple moving average of $140.67 and a two-hundred day simple moving average of $122.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The stock has a market cap of $33.23 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.75 and a beta of 1.59.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its earnings results on Monday, January 29th. The transportation company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.96 billion. Ryanair had a return on equity of 29.39% and a net margin of 15.64%. Equities analysts expect that Ryanair Holdings plc will post 9.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on RYAAY. Raymond James increased their target price on Ryanair from $140.00 to $162.00 and gave the company a "strong-buy" rating in a report on Monday, December 18th. StockNews.com cut Ryanair from a "buy" rating to a "hold" rating in a report on Friday, January 5th. Finally, Evercore ISI raised their price objective on Ryanair from $145.00 to $155.00 and gave the stock an "in-line" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.50.

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.