Alliancebernstein L.P. Purchases 1,000,543 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Alliancebernstein L.P. grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 47.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,128,742 shares of the transportation company's stock after acquiring an additional 1,000,543 shares during the quarter. Alliancebernstein L.P. owned 0.58% of Ryanair worth $136,382,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in Ryanair by 32.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after acquiring an additional 236 shares during the last quarter. R Squared Ltd bought a new stake in shares of Ryanair in the 4th quarter valued at $42,000. Pinnacle Bancorp Inc. raised its stake in Ryanair by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company's stock worth $47,000 after buying an additional 645 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Ryanair by 148.6% in the third quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company's stock valued at $54,000 after buying an additional 709 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Ryanair by 125.4% during the 4th quarter. GAMMA Investing LLC now owns 2,013 shares of the transportation company's stock worth $88,000 after acquiring an additional 1,120 shares during the period. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Down 4.3 %

Shares of NASDAQ RYAAY traded down $1.82 during mid-day trading on Friday, reaching $40.10. 1,372,942 shares of the company's stock traded hands, compared to its average volume of 1,636,046. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $21.39 billion, a P/E ratio of 12.29, a PEG ratio of 2.01 and a beta of 1.41. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $60.29. The business has a 50-day simple moving average of $46.05 and a 200 day simple moving average of $48.86.

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Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. On average, analysts expect that Ryanair Holdings plc will post 3.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.