913,430 Shares in Ryanair Holdings plc (NASDAQ:RYAAY) Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 913,430 shares of the transportation company’s stock, valued at approximately $39,816,000. Arrowstreet Capital Limited Partnership owned 0.17% of Ryanair at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. bought a new position in shares of Ryanair in the third quarter worth about $4,067,000. Citigroup Inc. grew its stake in Ryanair by 140.4% in the 3rd quarter. Citigroup Inc. now owns 94,568 shares of the transportation company’s stock worth $4,273,000 after acquiring an additional 55,227 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Ryanair by 167.0% during the third quarter. Captrust Financial Advisors now owns 16,666 shares of the transportation company’s stock worth $753,000 after acquiring an additional 10,424 shares during the period. Verition Fund Management LLC bought a new stake in shares of Ryanair during the third quarter valued at approximately $226,000. Finally, Centiva Capital LP purchased a new stake in shares of Ryanair in the third quarter valued at approximately $552,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

RYAAY opened at $43.00 on Thursday. The firm has a market capitalization of $22.93 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The business’s 50-day moving average is $46.24 and its two-hundred day moving average is $49.81. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. Research analysts anticipate that Ryanair Holdings plc will post 3.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. StockNews.com cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.00.

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.