Ryanair Holdings plc (NASDAQ:RYAAY) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 150.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 93,715 shares of the transportation company's stock after acquiring an additional 56,229 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Ryanair were worth $4,234,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RYAAY. Transcendent Capital Group LLC bought a new stake in shares of Ryanair during the first quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its position in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Ryanair in the 1st quarter worth $50,000. Ridgewood Investments LLC bought a new position in shares of Ryanair during the 2nd quarter worth $50,000. Finally, Signaturefd LLC increased its stake in shares of Ryanair by 153.1% during the third quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock valued at $40,000 after buying an additional 539 shares during the period. Hedge funds and other institutional investors own 43.66% of the company's stock.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a report on Tuesday. Hsbc Global Res raised Ryanair to a "hold" rating in a research report on Friday, July 12th. Citigroup raised Ryanair to a "strong-buy" rating in a research report on Friday, August 2nd. HSBC downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Finally, The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Ryanair presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.67.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded down $1.62 during trading on Friday, reaching $45.68. 1,498,575 shares of the company traded hands, compared to its average volume of 1,621,974. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The company has a current ratio of 0.81, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock has a market cap of $24.99 billion, a P/E ratio of 15.60, a PEG ratio of 2.66 and a beta of 1.54. The firm's fifty day simple moving average is $74.14 and its 200 day simple moving average is $102.14.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The firm had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.59 billion. During the same period last year, the firm earned $2.88 earnings per share. As a group, research analysts anticipate that Ryanair Holdings plc will post 2.96 earnings per share for the current fiscal 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.