Ryanair Holdings PLC $RYAAY Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 468,428 shares of the transportation company’s stock after selling 58,112 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Ryanair worth $27,014,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Ryanair in the second quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Ryanair by 1,158.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock worth $43,000 after acquiring an additional 938 shares during the last quarter. CWM LLC lifted its holdings in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after acquiring an additional 339 shares during the last quarter. Maseco LLP bought a new position in Ryanair in the second quarter worth about $53,000. Finally, Brooklyn Investment Group raised its holdings in shares of Ryanair by 260.5% during the first quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,029 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Trading Up 4.0%

NASDAQ RYAAY opened at $65.00 on Tuesday. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $67.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $34.32 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.66 and a beta of 1.38. The firm’s 50 day moving average price is $60.30 and its two-hundred day moving average price is $58.06.

Analysts Set New Price Targets

RYAAY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Morgan Stanley started coverage on shares of Ryanair in a research note on Wednesday, October 15th. They set an “overweight” rating on the stock. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryanair currently has a consensus rating of “Buy” and a consensus price target of $76.00.

Ryanair 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.