Sprucegrove Investment Management Ltd. reduced its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,537,122 shares of the transportation company’s stock after selling 736,386 shares during the quarter. Ryanair comprises approximately 39.5% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its biggest holding. Sprucegrove Investment Management Ltd.’s holdings in Ryanair were worth $327,535,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its position in Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the period. Pin Oak Investment Advisors Inc. boosted its position in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the period. UMB Bank n.a. grew its stake in shares of Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares in the last quarter. Global Retirement Partners LLC increased its position in Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after acquiring an additional 277 shares during the period. Finally, Wexford Capital LP bought a new position in Ryanair during the third quarter worth about $55,000. 43.66% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on RYAAY. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.67.
Ryanair Trading Up 2.2%
Shares of RYAAY opened at $54.43 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. Ryanair Holdings PLC has a 52-week low of $49.40 and a 52-week high of $74.24. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.54 and a beta of 1.13. The business’s fifty day moving average is $60.75 and its 200-day moving average is $64.97.
Ryanair Company Profile
Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.
The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.
See Also
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