The Manufacturers Life Insurance Company Purchases 485,395 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

The Manufacturers Life Insurance Company increased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 150.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,469 shares of the transportation company’s stock after acquiring an additional 485,395 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ryanair were worth $36,481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in Ryanair by 200.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 26,725 shares of the transportation company’s stock worth $1,207,000 after acquiring an additional 17,840 shares during the last quarter. English Capital Management LLC bought a new stake in shares of Ryanair during the third quarter valued at approximately $4,744,000. Citigroup Inc. increased its holdings in shares of Ryanair by 140.4% in the third quarter. Citigroup Inc. now owns 94,568 shares of the transportation company’s stock valued at $4,273,000 after purchasing an additional 55,227 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in Ryanair in the 3rd quarter worth approximately $4,067,000. Finally, Banco Santander S.A. acquired a new position in Ryanair during the 3rd quarter worth $497,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Up 0.4 %

Shares of NASDAQ:RYAAY opened at $44.04 on Friday. The company has a 50 day moving average price of $51.54 and a two-hundred day moving average price of $91.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $23.96 billion, a PE ratio of 14.68, a PEG ratio of 2.53 and a beta of 1.54. Ryanair Holdings plc has a 52 week low of $36.96 and a 52 week high of $60.29.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the company earned $2.88 EPS. Analysts forecast that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RYAAY. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Sanford C. Bernstein lowered their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Ryanair presently has a consensus rating of “Buy” and a consensus price target of $154.67.

Ryanair 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.