Mitsubishi UFJ Trust & Banking Corp cut its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 502,432 shares of the transportation company’s stock after selling 8,391 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.21% of Ryanair Holdings PLC worth $54,067,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Herndon Capital Management LLC increased its position in shares of Ryanair Holdings PLC by 218.8% in the second quarter. Herndon Capital Management LLC now owns 12,884 shares of the transportation company’s stock valued at $1,386,000 after buying an additional 8,843 shares during the last quarter. Marshall Wace LLP increased its position in shares of Ryanair Holdings PLC by 378.1% in the second quarter. Marshall Wace LLP now owns 180,408 shares of the transportation company’s stock valued at $19,484,000 after buying an additional 142,671 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ryanair Holdings PLC by 4.6% in the second quarter. Legal & General Group Plc now owns 68,314 shares of the transportation company’s stock valued at $7,349,000 after buying an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ryanair Holdings PLC by 448.5% in the second quarter. Bank of New York Mellon Corp now owns 119,156 shares of the transportation company’s stock valued at $12,823,000 after buying an additional 97,433 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Ryanair Holdings PLC by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 31,165 shares of the transportation company’s stock valued at $3,354,000 after buying an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 40.13% of the company’s stock.

Ryanair Holdings PLC (RYAAY) opened at 113.49 on Tuesday. Ryanair Holdings PLC has a 12-month low of $67.56 and a 12-month 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 for the quarter, topping analysts’ consensus estimates of $1.48 by $0.30. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.02 billion. On average, equities analysts predict that Ryanair Holdings PLC will post $7.58 EPS for the current year.

Ryanair Holdings PLC declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 30th that permits the company to buyback outstanding shares. This buyback authorization permits the transportation company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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RYAAY has been the topic of a number of research analyst reports. UBS AG downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and upped their price target for the stock from $67.56 to $109.00 in a research report on Thursday, June 15th. Finally, HSBC Holdings plc raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The company currently 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.

Institutional Ownership by Quarter for Ryanair Holdings PLC (NASDAQ:RYAAY)

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