Ryanair Holdings PLC $RYAAY Position Trimmed by Lazard Asset Management LLC

by · The Cerbat Gem

Lazard Asset Management LLC decreased its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 63.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,347,723 shares of the transportation company’s stock after selling 4,036,124 shares during the period. Lazard Asset Management LLC owned about 0.44% of Ryanair worth $135,391,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RYAAY. Price T Rowe Associates Inc. MD purchased a new position in Ryanair during the first quarter valued at approximately $118,071,000. Goldman Sachs Group Inc. boosted its stake in shares of Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Ryanair by 23.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after acquiring an additional 539,256 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Ryanair by 43.1% in the second quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock worth $82,104,000 after acquiring an additional 428,932 shares during the last quarter. Finally, Ovata Capital Management Ltd purchased a new stake in shares of Ryanair during the second quarter worth $24,705,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RYAAY shares. Weiss Ratings restated a “buy (b-)” rating on shares of Ryanair in a research note on Monday, December 1st. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, November 4th. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

View Our Latest Report on Ryanair

Ryanair Stock Up 1.3%

RYAAY opened at $71.21 on Friday. The firm has a market cap of $37.47 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50 day moving average price of $63.66 and a 200 day moving average price of $61.05. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $71.53.

Ryanair (NASDAQ:RYAAY – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a net margin of 16.29% and a return on equity of 31.32%. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $5.44 billion. Research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

About Ryanair

(Free Report)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.

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