Assenagon Asset Management S.A. Buys 167,764 Shares of Ryanair Holdings PLC $RYAAY

Assenagon Asset Management S.A. increased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 2,381.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,808 shares of the transportation company’s stock after purchasing an additional 167,764 shares during the period. Assenagon Asset Management S.A.’s holdings in Ryanair were worth $12,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after buying an additional 861,361 shares during the period. Creative Planning increased its position in Ryanair by 42.5% in the 2nd quarter. Creative Planning now owns 16,106 shares of the transportation company’s stock valued at $929,000 after acquiring an additional 4,806 shares during the period. American Century Companies Inc. raised its stake in shares of Ryanair by 122.1% during the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock valued at $750,000 after acquiring an additional 7,152 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Ryanair during the second quarter worth about $256,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in Ryanair during the second quarter worth $15,561,000. 43.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RYAAY shares. Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.67.

Ryanair Stock Performance

Shares of NASDAQ RYAAY opened at $58.48 on Friday. The company has a market cap of $30.60 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.58 and a beta of 1.22. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $65.49 and its two-hundred day moving average is $64.90.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. As a group, analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.