Ryanair Holdings plc (NASDAQ:RYAAY) Shares Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. increased its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 275.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 604,114 shares of the transportation company's stock after buying an additional 443,200 shares during the quarter. Ryanair comprises 1.5% of Coronation Fund Managers Ltd.'s holdings, making the stock its 26th largest position. Coronation Fund Managers Ltd. owned 0.27% of Ryanair worth $27,294,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in RYAAY. Gallacher Capital Management LLC increased its stake in Ryanair by 4.1% during 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 last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Ryanair in the first quarter valued at $29,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ryanair by 0.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company's stock valued at $2,939,000 after buying an additional 212 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Ryanair by 256.0% in the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company's stock valued at $41,000 after buying an additional 215 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Ryanair by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 8,876 shares of the transportation company's stock valued at $1,292,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

RYAAY stock traded up $1.28 during trading on Friday, hitting $45.54. The company had a trading volume of 1,568,292 shares, compared to its average volume of 1,340,680. The firm has a market cap of $24.91 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.60 and a beta of 1.54. Ryanair Holdings plc has a 1-year low of $36.93 and a 1-year high of $60.29. The firm has a 50-day moving average price of $77.85 and a 200-day moving average price of $103.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RYAAY shares. Citigroup upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 2nd. The Goldman Sachs Group upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 9th. Hsbc Global Res upgraded Ryanair to a "hold" rating in a report on Friday, July 12th. HSBC lowered Ryanair from a "buy" rating to a "hold" rating in a report on Friday, July 12th. Finally, Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Ryanair has an average rating of "Moderate Buy" and a consensus target price of $154.67.

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.