Raymond James Financial Inc. Acquires Shares of 423,158 Ryanair Holdings plc (NASDAQ:RYAAY)

Raymond James Financial Inc. acquired a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 423,158 shares of the transportation company’s stock, valued at approximately $18,445,000. Raymond James Financial Inc. owned approximately 0.08% of Ryanair as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Ryanair by 188.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after buying an additional 17,810,361 shares in the last quarter. FMR LLC lifted its stake in shares of Ryanair by 35.3% in the third quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock worth $394,631,000 after buying an additional 2,279,679 shares in the last quarter. Janus Henderson Group PLC raised its stake in Ryanair by 169.7% during the third quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock worth $284,893,000 after purchasing an additional 3,967,436 shares during the period. Metropolis Capital Ltd raised its stake in Ryanair by 14.7% during the fourth quarter. Metropolis Capital Ltd now owns 4,593,130 shares of the transportation company’s stock worth $200,215,000 after purchasing an additional 587,023 shares during the period. Finally, Trinity Street Asset Management LLP raised its stake in Ryanair by 6.0% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,980,848 shares of the transportation company’s stock worth $173,525,000 after purchasing an additional 225,098 shares during the period. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Ryanair Stock Up 1.1 %

Shares of NASDAQ RYAAY opened at $47.81 on Tuesday. The stock has a market cap of $25.69 billion, a P/E ratio of 14.66, a PEG ratio of 2.01 and a beta of 1.46. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The business’s fifty day simple moving average is $45.75 and its 200-day simple moving average is $54.95.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. As a group, equities analysts predict that Ryanair Holdings plc will post 3.09 EPS for the current fiscal year.

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.