abrdn plc reduced its stake in Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,840 shares of the transportation company’s stock after selling 343 shares during the period. abrdn plc’s holdings in Ryanair were worth $1,032,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in Ryanair by 18.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,012 shares of the transportation company’s stock valued at $615,000 after buying an additional 941 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Ryanair by 9.5% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,062 shares of the transportation company’s stock valued at $416,000 after buying an additional 352 shares during the last quarter. Yousif Capital Management LLC purchased a new position in Ryanair in the 4th quarter valued at about $358,000. Raymond James Trust N.A. boosted its position in Ryanair by 5.0% in the 4th quarter. Raymond James Trust N.A. now owns 2,930 shares of the transportation company’s stock valued at $300,000 after buying an additional 139 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Ryanair by 20.4% in the 4th quarter. Qube Research & Technologies Ltd now owns 6,121 shares of the transportation company’s stock valued at $626,000 after buying an additional 1,039 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on RYAAY shares. Berenberg Bank reduced their price target on shares of Ryanair from €20.00 ($20.62) to €19.50 ($20.10) and set a “buy” rating on the stock in a research report on Friday, May 20th. JPMorgan Chase & Co. increased their price target on shares of Ryanair from €19.00 ($19.59) to €19.20 ($19.79) and gave the stock an “overweight” rating in a research report on Tuesday, July 26th. UBS Group increased their price target on shares of Ryanair from €18.90 ($19.48) to €19.20 ($19.79) in a research report on Thursday, May 19th. Finally, Raymond James reduced their price target on shares of Ryanair from $125.00 to $112.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.48.
Ryanair Price Performance
Ryanair (NASDAQ:RYAAY – Get Rating) last announced its quarterly earnings results on Monday, May 16th. The transportation company reported ($0.98) EPS for the quarter, beating the consensus estimate of ($1.11) by $0.13. Ryanair had a net margin of 3.13% and a return on equity of 1.90%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Analysts anticipate that Ryanair Holdings plc will post 5.54 earnings per share for the current year.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.
- Get a free copy of the StockNews.com research report on Ryanair (RYAAY)
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