Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Ryanair Holdings plc (NASDAQ:RYAAYFree Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,173 shares of the transportation company’s stock after selling 3,226 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ryanair were worth $3,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in Ryanair in the 4th quarter worth approximately $3,708,000. Sprucegrove Investment Management Ltd. boosted its stake in shares of Ryanair by 9.9% during the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock valued at $365,121,000 after buying an additional 246,850 shares during the last quarter. Lincoln National Corp purchased a new position in shares of Ryanair during the 3rd quarter valued at approximately $320,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Ryanair by 1,259.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 27,079 shares of the transportation company’s stock valued at $2,632,000 after buying an additional 25,087 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Ryanair during the 3rd quarter valued at approximately $1,893,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

RYAAY stock opened at $142.55 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.50 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.70 and a beta of 1.59. Ryanair Holdings plc has a 12-month low of $87.18 and a 12-month high of $150.73. The stock’s 50 day simple moving average is $141.64 and its 200 day simple moving average is $126.30.

Ryanair (NASDAQ:RYAAYGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.96 billion. Ryanair had a net margin of 15.64% and a return on equity of 29.39%. As a group, equities research analysts predict that Ryanair Holdings plc will post 9.21 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on RYAAY shares. Evercore ISI increased their target price on Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

View Our Latest Report on RYAAY

Ryanair Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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