Ryanair Holdings plc (NASDAQ:RYAAY) Shares Sold by Summit Global Investments

Summit Global Investments lessened its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 40.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,502 shares of the transportation company’s stock after selling 7,735 shares during the period. Summit Global Investments’ holdings in Ryanair were worth $1,534,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Ryanair in the fourth quarter valued at approximately $3,708,000. Sprucegrove Investment Management Ltd. increased its position in shares of Ryanair by 9.9% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock worth $365,121,000 after purchasing an additional 246,850 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Ryanair by 49.9% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company’s stock valued at $4,999,000 after purchasing an additional 12,486 shares during the last quarter. Lincoln National Corp acquired a new stake in shares of Ryanair in the 3rd quarter valued at about $320,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in Ryanair by 1,259.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 27,079 shares of the transportation company’s stock worth $2,632,000 after buying an additional 25,087 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Performance

Shares of RYAAY stock traded up $0.51 during midday trading on Friday, hitting $140.30. The company had a trading volume of 356,740 shares, compared to its average volume of 490,400. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $141.51 and its 200 day simple moving average is $127.98. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.69 and a beta of 1.59.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, January 29th. The transportation company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Ryanair had a net margin of 15.64% and a return on equity of 29.39%. Research analysts anticipate that Ryanair Holdings plc will post 9.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RYAAY has been the subject of a number of research reports. Evercore ISI boosted their price objective on Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

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.