Mirae Asset Global Investments Co. Ltd. Acquires 276 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,883 shares of the transportation company’s stock after acquiring an additional 276 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ryanair were worth $1,585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Trinity Street Asset Management LLP raised its holdings in Ryanair by 12.3% during the 4th quarter. Trinity Street Asset Management LLP now owns 1,544,600 shares of the transportation company’s stock valued at $205,988,000 after buying an additional 168,900 shares during the last quarter. Advisors Preferred LLC bought a new stake in Ryanair during the 4th quarter valued at $31,000. Nilsine Partners LLC bought a new stake in Ryanair during the 4th quarter valued at $252,000. International Assets Investment Management LLC bought a new stake in Ryanair during the 4th quarter valued at $9,426,000. Finally, Asset Management One Co. Ltd. raised its holdings in Ryanair by 45.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,568 shares of the transportation company’s stock valued at $2,773,000 after buying an additional 6,428 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ryanair Stock Up 2.6 %

Shares of Ryanair stock opened at $138.88 on Friday. 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 company’s fifty day simple moving average is $141.49 and its two-hundred day simple moving average is $125.48. The company has a market cap of $31.66 billion, a P/E ratio of 14.30, a PEG ratio of 0.68 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.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, January 29th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Ryanair had a net margin of 15.64% and a return on equity of 29.39%. Research analysts anticipate that Ryanair Holdings plc will post 9.21 EPS for the current year.

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.