Ryanair Holdings plc (NASDAQ:RYAAY) Shares Acquired by M&T Bank Corp

M&T Bank Corp raised its position in shares of Ryanair Holdings plc (NASDAQ:RYAAYGet Rating) by 53.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,316 shares of the transportation company’s stock after acquiring an additional 1,511 shares during the quarter. M&T Bank Corp’s holdings in Ryanair were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Capital International Investors grew its position in shares of Ryanair by 18.0% in the first quarter. Capital International Investors now owns 11,270,188 shares of the transportation company’s stock valued at $981,539,000 after purchasing an additional 1,722,195 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Ryanair by 6.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,998,270 shares of the transportation company’s stock valued at $783,929,000 after purchasing an additional 532,961 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Ryanair by 11.8% in the first quarter. Lazard Asset Management LLC now owns 5,787,913 shares of the transportation company’s stock valued at $504,242,000 after purchasing an additional 612,114 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of Ryanair by 13.1% in the first quarter. William Blair Investment Management LLC now owns 2,923,790 shares of the transportation company’s stock valued at $254,669,000 after purchasing an additional 338,051 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Ryanair by 13.5% in the first quarter. Wellington Management Group LLP now owns 2,071,104 shares of the transportation company’s stock worth $180,436,000 after acquiring an additional 246,276 shares during the period. Institutional investors and hedge funds own 43.70% of the company’s stock.

Wall Street Analyst Weigh In

RYAAY has been the subject of several analyst reports. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group increased their price objective on Ryanair from €19.20 ($19.79) to €21.00 ($21.65) in a research report on Wednesday, August 10th. Stifel Nicolaus lowered Ryanair from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. JPMorgan Chase & Co. upped their price target on Ryanair from €17.70 ($18.25) to €18.20 ($18.76) and gave the stock an “overweight” rating in a research note on Tuesday, November 8th. Finally, Liberum Capital cut Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.95.

Ryanair Stock Down 0.4 %

Shares of NASDAQ RYAAY opened at $76.65 on Wednesday. The stock has a market cap of $17.43 billion, a P/E ratio of 16.34 and a beta of 1.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. Ryanair Holdings plc has a 12-month low of $55.90 and a 12-month high of $125.75. The business’s fifty day simple moving average is $66.13 and its 200-day simple moving average is $72.56.

Ryanair Company Profile

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Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, duty-free, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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