Renaissance Technologies LLC Acquires 514,754 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Renaissance Technologies LLC raised its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,180,202 shares of the transportation company's stock after purchasing an additional 514,754 shares during the quarter. Renaissance Technologies LLC owned approximately 0.59% of Ryanair worth $138,625,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in shares of Ryanair by 198.6% in the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock valued at $29,000 after purchasing an additional 437 shares in the last quarter. R Squared Ltd bought a new stake in Ryanair in the 4th quarter valued at $42,000. EverSource Wealth Advisors LLC raised its stake in shares of Ryanair by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after buying an additional 236 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Ryanair by 150.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company's stock worth $47,000 after acquiring an additional 645 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in shares of Ryanair by 148.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company's stock valued at $54,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. StockNews.com downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Three equities 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 company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $147.00.

Ryanair Trading Up 0.7 %

Ryanair stock traded up $0.33 during mid-day trading on Monday, hitting $44.48. 503,311 shares of the company's stock were exchanged, compared to its average volume of 1,657,139. The company's 50 day simple moving average is $45.33 and its 200-day simple moving average is $45.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $23.66 billion, a P/E ratio of 13.64, a PEG ratio of 2.01 and a beta of 1.41. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $57.48.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, topping 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, equities analysts anticipate that Ryanair Holdings plc will post 3.09 earnings per share for the current 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.