Bessemer Group Inc. Sells 10,623 Shares of Ryanair Holdings PLC (NASDAQ:RYAAY)
Bessemer Group Inc. decreased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 39.5% during the second quarter, Holdings Channel reports. The fund owned 16,291 shares of the transportation company’s stock after selling 10,623 shares during the period. Bessemer Group Inc.’s holdings in Ryanair Holdings PLC were worth $1,753,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Reliance Trust Co. of Delaware raised its stake in shares of Ryanair Holdings PLC by 22.5% in the first quarter. Reliance Trust Co. of Delaware now owns 9,615 shares of the transportation company’s stock worth $798,000 after buying an additional 1,764 shares during the last quarter. Huntington National Bank raised its stake in shares of Ryanair Holdings PLC by 4.3% in the first quarter. Huntington National Bank now owns 2,722 shares of the transportation company’s stock worth $226,000 after buying an additional 111 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Ryanair Holdings PLC by 2.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,750 shares of the transportation company’s stock worth $1,307,000 after buying an additional 320 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Ryanair Holdings PLC during the first quarter worth approximately $2,057,000. Finally, Marshall Wace LLP raised its stake in shares of Ryanair Holdings PLC by 271.3% in the first quarter. Marshall Wace LLP now owns 37,737 shares of the transportation company’s stock worth $3,132,000 after buying an additional 27,573 shares during the last quarter. 38.63% of the stock is currently owned by hedge funds and other institutional investors.
Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 114.67 on Friday. Ryanair Holdings PLC has a 12 month low of $67.56 and a 12 month high of $117.21.
Ryanair Holdings PLC (NASDAQ:RYAAY) last issued its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.30. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. On average, equities analysts predict that Ryanair Holdings PLC will post $7.58 EPS for the current fiscal year.
Ryanair Holdings PLC announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 30th that authorizes the company to buyback shares. This buyback authorization authorizes the transportation company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Ryanair Holdings PLC in a research report on Monday, June 26th. They set an “underperform” rating and a $83.00 price objective for the company. BidaskClub downgraded Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.56 to $109.00 in a research report on Thursday, June 15th. Citigroup Inc. downgraded Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Finally, ValuEngine downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Ryanair Holdings PLC has a consensus rating of “Buy” and an average price target 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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