Renaissance Technologies LLC Acquires 126,255 Shares of Ryanair Holdings PLC (RYAAY)
Renaissance Technologies LLC lifted its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,398,074 shares of the transportation company’s stock after buying an additional 126,255 shares during the period. Renaissance Technologies LLC owned 0.99% of Ryanair Holdings PLC worth $258,057,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Ryanair Holdings PLC in the 1st quarter worth about $106,000. Oregon Public Employees Retirement Fund bought a new position in Ryanair Holdings PLC in the 2nd quarter worth about $108,000. FNY Partners Fund LP bought a new position in Ryanair Holdings PLC in the 1st quarter worth about $156,000. PNC Financial Services Group Inc. grew its position in Ryanair Holdings PLC by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after purchasing an additional 98 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Ryanair Holdings PLC in the 1st quarter worth about $204,000. 40.35% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on RYAAY. UBS AG cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. Kepler Capital Markets cut shares of Ryanair Holdings PLC from a “hold” rating to a “reduce” rating in a research report on Thursday. ValuEngine upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. HSBC Holdings plc upgraded shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Citigroup Inc. cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Ryanair Holdings PLC presently has an average rating of “Hold” and a consensus target price of $100.33.
Ryanair Holdings PLC (RYAAY) traded down 0.31% on Friday, hitting $106.04. 242,549 shares of the stock traded hands. 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 posted its quarterly earnings data 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 firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ryanair Holdings PLC had a net margin of 21.44% and a return on equity of 34.02%. On average, analysts expect that Ryanair Holdings PLC will post $7.58 EPS for the current fiscal year.
Ryanair Holdings PLC announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 30th that allows the company to buyback shares. This buyback authorization allows the transportation company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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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