CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

CANADA LIFE ASSURANCE Co decreased its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,437,731 shares of the transportation company's stock after selling 81,357 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.27% of Ryanair worth $62,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Ryanair by 3.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,091,455 shares of the transportation company's stock valued at $1,224,507,000 after purchasing an additional 828,019 shares during the last quarter. Metropolis Capital Ltd lifted its position in Ryanair by 14.7% in the fourth quarter. Metropolis Capital Ltd now owns 4,593,130 shares of the transportation company's stock worth $200,215,000 after buying an additional 587,023 shares during the last quarter. Trinity Street Asset Management LLP boosted its stake in Ryanair by 6.0% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,980,848 shares of the transportation company's stock worth $173,525,000 after buying an additional 225,098 shares during the period. FIL Ltd increased its position in Ryanair by 5.8% during the fourth quarter. FIL Ltd now owns 3,804,773 shares of the transportation company's stock valued at $165,850,000 after acquiring an additional 209,424 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Ryanair by 145.6% in the third quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company's stock valued at $170,744,000 after acquiring an additional 2,240,230 shares during the period. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ryanair Stock Up 0.3 %

NASDAQ RYAAY traded up $0.12 on Wednesday, reaching $46.11. 733,432 shares of the stock traded hands, compared to its average volume of 1,658,768. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $57.48. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.01 and a beta of 1.41. The company has a fifty day moving average price of $45.24 and a 200-day moving average price of $44.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings data 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%. As a group, research analysts forecast that Ryanair Holdings plc will post 3.09 EPS for the current fiscal 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.