Farther Finance Advisors LLC Raises Holdings in Ryanair Holdings PLC (NASDAQ:RYAAY)

Farther Finance Advisors LLC raised its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 1,190.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,832 shares of the transportation company’s stock after purchasing an additional 5,380 shares during the period. Farther Finance Advisors LLC’s holdings in Ryanair were worth $249,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RYAAY. CHICAGO TRUST Co NA boosted its stake in shares of Ryanair by 21.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 6,487 shares of the transportation company’s stock worth $275,000 after buying an additional 1,154 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Ryanair by 9.1% in the 1st quarter. Park Avenue Securities LLC now owns 7,353 shares of the transportation company’s stock worth $312,000 after buying an additional 612 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Ryanair in the 1st quarter worth $48,000. LVW Advisors LLC purchased a new position in shares of Ryanair in the 1st quarter worth $277,000. Finally, Polunin Capital Partners Ltd purchased a new position in shares of Ryanair in the 1st quarter worth $8,342,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Ryanair Trading Up 0.4%

RYAAY opened at $55.27 on Thursday. The firm has a market cap of $29.40 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.98 and a beta of 1.38. Ryanair Holdings PLC has a 12 month low of $36.96 and a 12 month high of $58.38. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $51.42 and a 200 day moving average of $47.23.

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.