Invesco Ltd. Has $33.68 Million Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Invesco Ltd. cut its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 772,683 shares of the transportation company's stock after selling 354,403 shares during the quarter. Invesco Ltd. owned about 0.14% of Ryanair worth $33,681,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RYAAY. JPMorgan Chase & Co. grew its holdings in shares of Ryanair by 145.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company's stock worth $170,744,000 after purchasing an additional 2,240,230 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ryanair by 142.2% during the third quarter. Franklin Resources Inc. now owns 1,839,384 shares of the transportation company's stock worth $81,282,000 after buying an additional 1,079,920 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Ryanair by 47.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company's stock valued at $136,382,000 after buying an additional 1,000,543 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Ryanair in the 4th quarter valued at $39,816,000. Finally, Perpetual Ltd lifted its holdings in shares of Ryanair by 539.8% during the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock worth $43,088,000 after acquiring an additional 833,988 shares during the period. 43.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. StockNews.com cut Ryanair from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $147.00.

Ryanair Price Performance

Shares of Ryanair stock traded up $0.83 during trading on Wednesday, reaching $46.82. The company's stock had a trading volume of 423,392 shares, compared to its average volume of 1,657,816. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $24.91 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $57.48. The stock has a 50-day moving average price of $45.24 and a two-hundred day moving average price of $44.89.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. As a group, sell-side analysts anticipate that Ryanair Holdings plc will post 3.09 EPS for the current fiscal year.

About Ryanair

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.