Kornitzer Capital Management Inc. KS Has $2.48 Million Stake in Ryanair Holdings PLC $RYAAY

Kornitzer Capital Management Inc. KS reduced its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 54.1% during the second quarter, HoldingsChannel reports. The firm owned 43,000 shares of the transportation company’s stock after selling 50,715 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ryanair were worth $2,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in Ryanair in the 2nd quarter valued at approximately $31,000. Maseco LLP bought a new position in shares of Ryanair in the 2nd quarter valued at $53,000. Golden State Wealth Management LLC boosted its holdings in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 481 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Ryanair by 1,158.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock worth $43,000 after acquiring an additional 938 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Ryanair in the 2nd quarter worth about $66,000. 43.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RYAAY. Weiss Ratings reissued a “buy (b)” rating on shares of Ryanair in a research note on Saturday. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Thursday. Oddo Bhf upgraded shares of Ryanair from an “underperform” rating to an “outperform” rating in a research report on Wednesday, July 16th. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Morgan Stanley assumed coverage on shares of Ryanair in a research note on Wednesday, October 15th. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $76.00.

Ryanair Stock Up 1.7%

Ryanair stock opened at $61.56 on Monday. The firm has a market cap of $32.51 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.66 and a beta of 1.38. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $67.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a 50 day moving average price of $60.73 and a two-hundred day moving average price of $57.23.

About Ryanair

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.