Bank of Montreal Can Boosts Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Bank of Montreal Can boosted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 117.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,283 shares of the transportation company's stock after purchasing an additional 13,108 shares during the quarter. Bank of Montreal Can's holdings in Ryanair were worth $1,058,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RYAAY. Geode Capital Management LLC increased its position in shares of Ryanair by 171.6% in the 3rd quarter. Geode Capital Management LLC now owns 656,244 shares of the transportation company's stock valued at $29,649,000 after acquiring an additional 414,595 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ryanair by 145.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company's stock valued at $170,744,000 after buying an additional 2,240,230 shares during the period. Sanctuary Advisors LLC boosted its stake in Ryanair by 171.6% during the third quarter. Sanctuary Advisors LLC now owns 41,708 shares of the transportation company's stock worth $1,793,000 after buying an additional 26,349 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Ryanair by 172.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company's stock worth $3,285,000 after buying an additional 47,673 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in Ryanair by 539.8% during the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock worth $43,088,000 after buying an additional 833,988 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RYAAY has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Ryanair from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a research note 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $147.00.

Ryanair Trading Down 0.1 %

RYAAY stock traded down $0.06 during mid-day trading on Thursday, reaching $46.35. The company's stock had a trading volume of 430,262 shares, compared to its average volume of 1,658,991. The business's 50 day moving average price is $45.26 and its 200 day moving average price is $44.90. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $56.76. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Ryanair Holdings plc will post 3.09 EPS for the current year.

Ryanair Company 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.