Ryanair Holdings PLC $RYAAY Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lessened its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 96.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 650 shares of the transportation company’s stock after selling 19,900 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Ryanair were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RYAAY. Capital World Investors grew its position in Ryanair by 9.3% during the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock valued at $1,851,043,000 after buying an additional 2,626,911 shares during the period. Capital International Investors grew its position in Ryanair by 2.7% during the third quarter. Capital International Investors now owns 37,465,187 shares of the transportation company’s stock valued at $2,250,932,000 after buying an additional 1,002,457 shares during the period. Goldman Sachs Group Inc. grew its position in Ryanair by 658.1% during the first 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. Voloridge Investment Management LLC grew its position in Ryanair by 315.0% during the third quarter. Voloridge Investment Management LLC now owns 655,021 shares of the transportation company’s stock valued at $39,445,000 after buying an additional 497,174 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Ryanair by 13.4% in the third quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock valued at $191,291,000 after purchasing an additional 376,145 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

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Ryanair Stock Down 2.4%

Shares of NASDAQ RYAAY opened at $54.94 on Thursday. The company’s 50-day simple moving average is $59.63 and its 200-day simple moving average is $64.79. Ryanair Holdings PLC has a 52-week low of $49.90 and a 52-week high of $74.24. The firm has a market cap of $28.68 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.70 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02.

Analysts Set New Price Targets

Several analysts have recently issued reports on RYAAY shares. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and an average target price of $75.67.

Read Our Latest Stock Report on RYAAY

About Ryanair

(Free Report)

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.

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