Cetera Investment Advisers Boosts Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Cetera Investment Advisers lifted its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,572 shares of the transportation company’s stock after buying an additional 2,582 shares during the quarter. Cetera Investment Advisers’ holdings in Ryanair were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Ryanair by 172.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company’s stock worth $3,285,000 after acquiring an additional 47,673 shares in the last quarter. Haven Global Partners LLC purchased a new position in shares of Ryanair during the 4th quarter worth approximately $19,029,000. Raymond James Financial Inc. purchased a new position in shares of Ryanair during the 4th quarter worth approximately $18,445,000. ABC Arbitrage SA purchased a new position in shares of Ryanair during the 4th quarter worth approximately $930,000. Finally, Coronation Fund Managers Ltd. grew its holdings in shares of Ryanair by 21.0% in the 4th quarter. Coronation Fund Managers Ltd. now owns 730,732 shares of the transportation company’s stock worth $31,853,000 after acquiring an additional 126,618 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RYAAY shares. Royal Bank of Canada restated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup restated a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen raised Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $147.00.

Ryanair Trading Up 1.5%

Shares of NASDAQ RYAAY opened at $56.03 on Tuesday. The stock has a market capitalization of $29.80 billion, a P/E ratio of 17.18, a PEG ratio of 2.01 and a beta of 1.37. The stock’s 50 day moving average price is $47.00 and its two-hundred day moving average price is $45.85. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $56.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21.

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.