Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 619.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,320 shares of the transportation company's stock after buying an additional 184,517 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Ryanair were worth $9,342,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RYAAY. R Squared Ltd acquired a new stake in Ryanair in the fourth quarter valued at $42,000. EverSource Wealth Advisors LLC raised its position in shares of Ryanair by 32.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock worth $42,000 after acquiring an additional 236 shares in the last quarter. Pinnacle Bancorp Inc. lifted 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 purchasing an additional 645 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Ryanair by 148.6% during the third quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company's stock worth $54,000 after purchasing an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Ryanair by 125.4% in the 4th quarter. GAMMA Investing LLC now owns 2,013 shares of the transportation company's stock valued at $88,000 after buying an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ryanair from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.00.

Ryanair Price Performance

Shares of NASDAQ:RYAAY traded up $0.13 during midday trading on Wednesday, hitting $47.23. 2,711,562 shares of the stock were exchanged, compared to its average volume of 1,596,441. The stock has a market cap of $25.19 billion, a P/E ratio of 14.48, a PEG ratio of 2.01 and a beta of 1.46. Ryanair Holdings plc has a twelve month low of $36.96 and a twelve month high of $60.29. The company has a 50 day moving average price of $45.79 and a 200-day moving average price of $54.49. 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 posted its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. On average, research analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share 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.