Mackenzie Financial Corp Purchases 297 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Mackenzie Financial Corp lifted its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,125 shares of the transportation company’s stock after acquiring an additional 297 shares during the quarter. Mackenzie Financial Corp’s holdings in Ryanair were worth $1,617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Ryanair by 1,523.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 276 shares of the transportation company’s stock worth $27,000 after buying an additional 259 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Ryanair in the 4th quarter worth about $31,000. Advisors Preferred LLC purchased a new position in shares of Ryanair in the 4th quarter worth about $31,000. Tucker Asset Management LLC purchased a new stake in Ryanair during the third quarter valued at about $39,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Ryanair by 86.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 571 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 264 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RYAAY. StockNews.com downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Evercore ISI upped their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and an average price target of $158.50.

Ryanair Price Performance

NASDAQ RYAAY opened at $142.55 on Wednesday. Ryanair Holdings plc has a 52 week low of $87.18 and a 52 week high of $150.73. The company has a market cap of $32.50 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $141.64 and its two-hundred day simple moving average is $126.30.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results 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). Ryanair had a return on equity of 29.39% and a net margin of 15.64%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Research analysts predict that Ryanair Holdings plc will post 9.21 earnings per share 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.