Sumitomo Mitsui Trust Holdings Inc. Sells 3,226 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 11.0% during the fourth quarter, Holdings Channel reports. The fund owned 26,173 shares of the transportation company’s stock after selling 3,226 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ryanair were worth $3,490,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RYAAY. Coronation Fund Managers Ltd. increased its position in Ryanair by 4.6% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 651,683 shares of the transportation company’s stock worth $63,350,000 after buying an additional 28,465 shares during the period. Simplicity Solutions LLC increased its position in shares of Ryanair by 1.9% during the third quarter. Simplicity Solutions LLC now owns 7,840 shares of the transportation company’s stock valued at $762,000 after purchasing an additional 148 shares during the period. Trinity Street Asset Management LLP increased its position in shares of Ryanair by 12.4% during the third quarter. Trinity Street Asset Management LLP now owns 1,375,700 shares of the transportation company’s stock valued at $133,732,000 after purchasing an additional 151,400 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Ryanair during the third quarter valued at approximately $494,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Ryanair during the third quarter valued at approximately $948,000. 43.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Evercore ISI boosted their price objective on Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. Two 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

Ryanair Stock Performance

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

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

About Ryanair

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.