Ryanair Holdings plc (NASDAQ:RYAAY) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 188.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,263,436 shares of the transportation company's stock after purchasing an additional 17,810,361 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 4.98% of Ryanair worth $1,231,762,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RYAAY. Gallacher Capital Management LLC grew its position in Ryanair by 4.1% in the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company's stock worth $442,000 after acquiring an additional 150 shares during the period. Transcendent Capital Group LLC acquired a new position in Ryanair in the first quarter valued at about $29,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ryanair by 0.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company's stock worth $2,939,000 after buying an additional 212 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Ryanair in the 1st quarter valued at approximately $50,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the topic of several research analyst reports. Citigroup upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 2nd. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. The Goldman Sachs Group raised shares of Ryanair to a "strong-buy" rating in a research note on Friday, August 9th. StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, UBS Group raised Ryanair from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Ryanair has an average rating of "Buy" and a consensus price target of $154.67.

Ryanair Stock Performance

NASDAQ RYAAY traded down $1.06 during trading on Thursday, reaching $42.88. The company's stock had a trading volume of 850,719 shares, compared to its average volume of 1,614,016. Ryanair Holdings plc has a twelve month low of $36.96 and a twelve month high of $60.29. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 2.60 and a beta of 1.54. The business's fifty day moving average price is $60.86 and its 200-day moving average price is $95.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the firm posted $2.88 EPS. As a group, analysts anticipate that Ryanair Holdings plc will post 2.97 EPS 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.