Bank of America Corp DE Trims Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Bank of America Corp DE lessened its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 20.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,943,194 shares of the transportation company's stock after selling 508,727 shares during the quarter. Bank of America Corp DE owned about 0.36% of Ryanair worth $84,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Ryanair by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock worth $42,000 after buying an additional 236 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Ryanair by 8.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock worth $147,000 after buying an additional 259 shares during the last quarter. Schechter Investment Advisors LLC lifted its position in Ryanair by 2.3% in the 4th quarter. Schechter Investment Advisors LLC now owns 11,584 shares of the transportation company's stock worth $505,000 after buying an additional 261 shares during the last quarter. Pacer Advisors Inc. lifted its position in Ryanair by 14.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,168 shares of the transportation company's stock worth $95,000 after buying an additional 268 shares during the last quarter. Finally, Gallacher Capital Management LLC lifted its position in Ryanair by 3.5% in the 4th quarter. Gallacher Capital Management LLC now owns 10,822 shares of the transportation company's stock worth $472,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Trading Down 0.8%

RYAAY stock traded down $0.40 during midday trading on Friday, hitting $50.00. The company had a trading volume of 2,901,982 shares, compared to its average volume of 1,659,972. 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 52 week low of $36.96 and a 52 week high of $51.62. The stock's 50 day moving average price is $46.04 and its 200 day moving average price is $45.45. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.01 and a beta of 1.37.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RYAAY shares. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. StockNews.com downgraded Ryanair from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Ryanair has an average rating of "Buy" and a consensus price target of $147.00.

Ryanair Company 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.