Trinity Street Asset Management LLP Has $169.69 Million Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Trinity Street Asset Management LLP grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 154.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,755,750 shares of the transportation company’s stock after purchasing an additional 2,279,250 shares during the quarter. Ryanair comprises about 16.9% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 3rd largest position. Trinity Street Asset Management LLP owned 1.66% of Ryanair worth $169,685,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ryanair by 11.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,286 shares of the transportation company’s stock worth $1,934,000 after purchasing an additional 1,403 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Ryanair by 231.0% during the first quarter. BNP Paribas Financial Markets now owns 4,713 shares of the transportation company’s stock worth $686,000 after buying an additional 3,289 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Ryanair by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 8,876 shares of the transportation company’s stock worth $1,292,000 after buying an additional 232 shares during the last quarter. Callan Capital LLC acquired a new position in shares of Ryanair during the 1st quarter worth about $200,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Ryanair by 5.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,904 shares of the transportation company’s stock valued at $860,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of Ryanair stock traded down $1.04 during trading on Tuesday, hitting $44.39. 943,559 shares of the stock were exchanged, compared to its average volume of 1,617,879. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $82.51 and a 200-day moving average price of $106.44. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.54. Ryanair Holdings plc has a 1-year low of $34.87 and a 1-year high of $60.29.

Analyst Upgrades and Downgrades

RYAAY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday. Citigroup upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein dropped their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Hsbc Global Res raised shares of Ryanair to a “hold” rating in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.67.

Ryanair Company Profile

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.