Gallacher Capital Management LLC Sells 265 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Gallacher Capital Management LLC lowered its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,778 shares of the transportation company’s stock after selling 265 shares during the quarter. Gallacher Capital Management LLC’s holdings in Ryanair were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA raised its position in shares of Ryanair by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,320,082 shares of the transportation company’s stock valued at $1,003,215,000 after purchasing an additional 259,703 shares during the period. Baillie Gifford & Co. grew its stake in Ryanair by 14.6% during the fourth quarter. Baillie Gifford & Co. now owns 9,389,236 shares of the transportation company’s stock valued at $1,252,149,000 after acquiring an additional 1,197,812 shares in the last quarter. Sprucegrove Investment Management Ltd. grew its stake in Ryanair by 9.9% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock valued at $365,121,000 after acquiring an additional 246,850 shares in the last quarter. Lansdowne Partners UK LLP grew its stake in Ryanair by 17.8% during the third quarter. Lansdowne Partners UK LLP now owns 2,081,085 shares of the transportation company’s stock valued at $202,301,000 after acquiring an additional 314,588 shares in the last quarter. Finally, Trinity Street Asset Management LLP grew its stake in Ryanair by 12.3% during the fourth quarter. Trinity Street Asset Management LLP now owns 1,544,600 shares of the transportation company’s stock valued at $205,988,000 after acquiring an additional 168,900 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their price target on shares of Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.50.

Ryanair Price Performance

RYAAY stock traded up $0.51 during midday trading on Friday, reaching $140.30. The company had a trading volume of 356,740 shares, compared to its average volume of 355,349. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00. Ryanair Holdings plc has a 1 year low of $87.18 and a 1 year high of $150.73. The company has a market capitalization of $31.99 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.71 and a beta of 1.59. The firm has a 50-day moving average price of $141.49 and a 200-day moving average price of $128.83.

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.