TT International Sells 28,528 Shares of Ryanair Holdings PLC (RYAAY)
TT International trimmed its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 15.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,774 shares of the transportation company’s stock after selling 28,528 shares during the quarter. Ryanair Holdings PLC accounts for 3.9% of TT International’s holdings, making the stock its 7th biggest position. TT International’s holdings in Ryanair Holdings PLC were worth $16,762,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of RYAAY. Quantbot Technologies LP bought a new position in shares of Ryanair Holdings PLC during the 1st quarter worth approximately $106,000. Oregon Public Employees Retirement Fund bought a new position in shares of Ryanair Holdings PLC during the 2nd quarter worth approximately $108,000. FNY Partners Fund LP bought a new position in shares of Ryanair Holdings PLC during the 1st quarter worth approximately $156,000. PNC Financial Services Group Inc. grew its stake in shares of Ryanair Holdings PLC by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after acquiring an additional 98 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Ryanair Holdings PLC during the 1st quarter worth approximately $236,000. 40.35% of the stock is owned by institutional investors and hedge funds.
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Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) traded up 0.29% during midday trading on Friday, reaching $105.73. The company’s stock had a trading volume of 451,333 shares. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68. The firm has a 50-day moving average of $110.79 and a 200-day moving average of $104.63.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.30. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.02 billion. Equities analysts expect that Ryanair Holdings PLC will post $7.20 earnings per share for the current fiscal year.
RYAAY has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of Ryanair Holdings PLC in a research note on Monday, June 26th. They set an “underperform” rating and a $83.00 price target for the company. BidaskClub cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. HSBC Holdings plc cut shares of Ryanair Holdings PLC from a “buy” rating to a “reduce” rating in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and raised their price target for the stock from $67.56 to $109.00 in a research note on Thursday, June 15th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $96.00.
About Ryanair Holdings PLC
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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