Geode Capital Management LLC Boosts Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Geode Capital Management LLC boosted its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 776,175 shares of the transportation company’s stock after purchasing an additional 119,931 shares during the quarter. Geode Capital Management LLC’s holdings in Ryanair were worth $33,833,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position 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 acquiring an additional 2,240,230 shares in the last quarter. Franklin Resources Inc. raised its position in Ryanair by 142.2% during the 3rd 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 during the last quarter. Alliancebernstein L.P. boosted 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 purchasing an additional 1,000,543 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Ryanair in the fourth quarter valued at $39,816,000. Finally, Perpetual Ltd lifted its position in shares of Ryanair by 539.8% during the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company’s stock valued at $43,088,000 after acquiring an additional 833,988 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RYAAY shares. StockNews.com lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $147.00.

Ryanair Trading Up 0.2 %

NASDAQ:RYAAY opened at $45.18 on Thursday. The stock has a fifty day simple moving average of $45.23 and a 200 day simple moving average of $44.83. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $57.48.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

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.