Arrowstreet Capital Limited Partnership Makes New $39.82 Million Investment in Ryanair Holdings plc (NASDAQ:RYAAY)

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 913,430 shares of the transportation company's stock, valued at approximately $39,816,000. Arrowstreet Capital Limited Partnership owned about 0.17% of Ryanair at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RYAAY. Janus Henderson Group PLC lifted its position in Ryanair by 169.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company's stock valued at $284,893,000 after purchasing an additional 3,967,436 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Ryanair by 145.6% during the third quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company's stock worth $170,744,000 after buying an additional 2,240,230 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Ryanair by 142.2% in the third quarter. Franklin Resources Inc. now owns 1,839,384 shares of the transportation company's stock valued at $81,282,000 after buying an additional 1,079,920 shares during the period. Wellington Management Group LLP lifted its holdings in Ryanair by 57.9% in the third quarter. Wellington Management Group LLP now owns 2,673,475 shares of the transportation company's stock valued at $120,788,000 after buying an additional 980,095 shares during the period. Finally, Perpetual Ltd boosted its stake in Ryanair by 539.8% in the fourth quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock valued at $43,088,000 after acquiring an additional 833,988 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. StockNews.com downgraded Ryanair from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $147.00.

Ryanair Trading Down 2.2 %

Shares of NASDAQ RYAAY traded down $0.89 during midday trading on Monday, reaching $39.21. 2,074,718 shares of the stock were exchanged, compared to its average volume of 1,637,794. The business has a 50-day simple moving average of $45.91 and a two-hundred day simple moving average of $47.89. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.01 and a beta of 1.41. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $60.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. As a group, equities research analysts expect that Ryanair Holdings plc will post 3.09 EPS for the current year.

Ryanair 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.