BB&T Corp cut its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,740 shares of the transportation company’s stock after selling 210 shares during the period. BB&T Corp’s holdings in Ryanair Holdings PLC were worth $402,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Ryanair Holdings PLC during the first quarter valued at about $106,000. Oregon Public Employees Retirement Fund bought a new position in Ryanair Holdings PLC during the second quarter valued at about $108,000. FNY Partners Fund LP bought a new position in Ryanair Holdings PLC during the first quarter valued at about $156,000. PNC Financial Services Group Inc. increased its position in Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after buying an additional 98 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Ryanair Holdings PLC during the first quarter valued at about $204,000. Institutional investors own 38.72% of the company’s stock.
Shares of Ryanair Holdings PLC (NASDAQ RYAAY) traded down 1.25% on Friday, hitting $115.10. 203,726 shares of the stock were exchanged. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.30. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. Equities analysts anticipate that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC declared that its board has authorized a stock buyback plan on Tuesday, May 30th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
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Several equities research analysts have recently weighed in on the stock. UBS AG downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. HSBC Holdings plc upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and increased their price target for the stock from $67.56 to $109.00 in a report on Thursday, June 15th. Finally, BidaskClub cut shares of Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $100.33.
Ryanair Holdings PLC Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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