Bank of Nova Scotia Has $1.65 Million Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Bank of Nova Scotia reduced its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,980 shares of the transportation company’s stock after selling 4,960 shares during the period. Bank of Nova Scotia’s holdings in Ryanair were worth $1,645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sprucegrove Investment Management Ltd. boosted its position in Ryanair by 49.7% during the third quarter. Sprucegrove Investment Management Ltd. now owns 2,578,834 shares of the transportation company’s stock valued at $150,655,000 after purchasing an additional 856,560 shares during the last quarter. Lazard Asset Management LLC boosted its position in Ryanair by 11.8% during 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 during the last quarter. Royal Bank of Canada boosted its position in Ryanair by 27.5% during the first quarter. Royal Bank of Canada now owns 2,038,087 shares of the transportation company’s stock valued at $177,557,000 after purchasing an additional 439,740 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ryanair by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,431,684 shares of the transportation company’s stock valued at $609,420,000 after purchasing an additional 423,900 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in Ryanair by 77.7% during the fourth quarter. Natixis Advisors L.P. now owns 684,239 shares of the transportation company’s stock valued at $51,154,000 after purchasing an additional 299,264 shares during the last quarter. 42.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RYAAY. TheStreet cut Ryanair from a “b-” rating to a “c” rating in a research report on Monday, January 30th. Barclays began coverage on Ryanair in a research report on Tuesday, February 21st. They issued an “overweight” rating for the company. Raymond James raised their price objective on Ryanair from $113.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 1st. Stifel Nicolaus raised Ryanair from a “sell” rating to a “buy” rating in a research report on Wednesday, April 19th. Finally, StockNews.com began coverage on Ryanair in a research report on Thursday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.25.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $100.29 on Monday. The firm has a market cap of $22.84 billion, a P/E ratio of 16.50 and a beta of 1.45. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Ryanair Holdings plc has a 1-year low of $55.90 and a 1-year high of $106.05. The business’s 50 day moving average is $94.43 and its 200-day moving average is $88.18.

Ryanair Profile

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Ryanair Holdings Plc engages in the provision of low fares airline-related services. It also offers ancillary, core air passenger, non-flight scheduled, and internet-related services. It also involved in in-flight sale of beverages, food, and merchandise. It operates through the following segments: Ryanair DAC, Malta Air, and Other Airlines.