OLD National Bancorp IN raised its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 71.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,410 shares of the transportation company’s stock after acquiring an additional 2,256 shares during the quarter. OLD National Bancorp IN’s holdings in Ryanair were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Shine Investment Advisory Services Inc. grew its position in Ryanair by 1,715.1% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 962 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 909 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Ryanair by 1,350.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,088 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,013 shares during the last quarter. US Bancorp DE grew its position in Ryanair by 168.2% in the 4th quarter. US Bancorp DE now owns 1,172 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 735 shares during the last quarter. Quantbot Technologies LP bought a new position in Ryanair in the 3rd quarter valued at $151,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Ryanair in the 3rd quarter valued at $235,000. 41.97% of the stock is currently owned by institutional investors.
Ryanair Holdings PLC (NASDAQ RYAAY) opened at $120.84 on Thursday. Ryanair Holdings PLC has a 12-month low of $78.35 and a 12-month high of $127.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $27,654.63, a price-to-earnings ratio of 17.51, a PEG ratio of 0.93 and a beta of 0.67.
Ryanair declared that its board has initiated a share repurchase program on Monday, February 5th that permits the company to buyback outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
RYAAY has been the topic of several research analyst reports. Sanford C. Bernstein raised Ryanair from an “underperform” rating to a “market perform” rating in a research report on Monday, January 8th. ValuEngine downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. BidaskClub raised Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Citigroup assumed coverage on Ryanair in a research report on Monday, November 20th. They set a “buy” rating on the stock. Finally, UBS Group raised Ryanair from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $96.00.
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Ryanair Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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