WCM Investment Management LLC Has $4.61 Million Position in Ryanair Holdings plc (NASDAQ:RYAAY)

WCM Investment Management LLC reduced its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,190 shares of the transportation company’s stock after selling 7,157 shares during the quarter. WCM Investment Management LLC’s holdings in Ryanair were worth $4,609,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its position in shares of Ryanair by 10.3% in the 1st quarter. HighTower Advisors LLC now owns 3,047 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 285 shares during the period. Private Advisor Group LLC grew its position in shares of Ryanair by 16.8% in the 1st quarter. Private Advisor Group LLC now owns 4,758 shares of the transportation company’s stock valued at $414,000 after purchasing an additional 683 shares during the period. Citigroup Inc. grew its position in shares of Ryanair by 1.2% in the 1st quarter. Citigroup Inc. now owns 39,970 shares of the transportation company’s stock valued at $3,483,000 after purchasing an additional 483 shares during the period. Bank of Montreal Can grew its position in shares of Ryanair by 8.2% in the 1st quarter. Bank of Montreal Can now owns 11,691 shares of the transportation company’s stock valued at $984,000 after purchasing an additional 884 shares during the period. Finally, Raymond James Trust N.A. grew its position in shares of Ryanair by 16.2% in the 1st quarter. Raymond James Trust N.A. now owns 3,406 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 476 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RYAAY has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on shares of Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. StockNews.com lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Raymond James lifted their price target on shares of Ryanair from $140.00 to $162.00 and gave the company a “strong-buy” rating in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

Ryanair Stock Performance

Shares of RYAAY opened at $139.31 on Monday. The firm has a 50-day moving average of $141.67 and a 200-day moving average of $124.28. Ryanair Holdings plc has a one year low of $87.18 and a one year high of $150.73. The company has a market cap of $31.76 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.71 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, January 29th. The transportation company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.96 billion. Ryanair had a return on equity of 29.39% and a net margin of 15.64%. As a group, equities analysts forecast that Ryanair Holdings plc will post 9.27 earnings per share for the current 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.