Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 41,879 shares of the transportation company’s stock, valued at approximately $2,304,000.
Several other hedge funds have also made changes to their positions in RYAAY. IFP Advisors Inc grew its position in Ryanair by 48.1% in the second quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock worth $43,000 after acquiring an additional 216 shares during the period. Fortitude Family Office LLC increased its stake in Ryanair by 18.9% during the third quarter. Fortitude Family Office LLC now owns 1,495 shares of the transportation company’s stock worth $82,000 after acquiring an additional 238 shares during the last quarter. Leonteq Securities AG raised its position in Ryanair by 2,084.9% in the second quarter. Leonteq Securities AG now owns 2,032 shares of the transportation company’s stock valued at $132,000 after purchasing an additional 1,939 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Ryanair by 68.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,461 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 1,000 shares during the period. Finally, Parallel Advisors LLC raised its position in Ryanair by 42.4% in the first quarter. Parallel Advisors LLC now owns 2,886 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 859 shares during the period. Hedge funds and other institutional investors own 43.65% of the company’s stock.
Wall Street Analysts Forecast Growth
RYAAY has been the subject of a number of recent analyst reports. Raymond James Financial reissued a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a research report on Monday, August 24th. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings cut shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Oddo Bhf downgraded shares of Ryanair from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 28th. Finally, Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.97.
Check Out Our Latest Research Report on Ryanair
Insiders Place Their Bets
In other Ryanair news, insider Carol Sharkey sold 6,166 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $28.06, for a total transaction of $173,017.96. Following the sale, the insider owned 7,970 shares in the company, valued at $223,638.20. This represents a 43.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ryanair Stock Performance
Shares of RYAAY stock opened at $59.30 on Friday. The firm has a 50 day moving average of $54.30 and a two-hundred day moving average of $59.57. The stock has a market capitalization of $30.71 billion, a PE ratio of 15.05, a P/E/G ratio of 4.89 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 1.17 and a debt-to-equity ratio of 0.04. Ryanair Holdings PLC has a 52 week low of $51.02 and a 52 week high of $74.24.
Ryanair Profile
Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options.
The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe.
Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.
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