Bank of Nova Scotia Sells 8,266 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Bank of Nova Scotia decreased its stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 64.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,618 shares of the transportation company's stock after selling 8,266 shares during the quarter. Bank of Nova Scotia's holdings in Ryanair were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Ryanair by 32.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after acquiring an additional 236 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Ryanair by 8.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock valued at $147,000 after purchasing an additional 259 shares during the period. Schechter Investment Advisors LLC raised its holdings in Ryanair by 2.3% during 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 period. Pacer Advisors Inc. raised its holdings in Ryanair by 14.1% during 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 period. Finally, Gallacher Capital Management LLC lifted its stake in Ryanair by 3.5% in the fourth quarter. Gallacher Capital Management LLC now owns 10,822 shares of the transportation company's stock valued at $472,000 after buying an additional 364 shares in the last quarter. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Down 1.4 %

Shares of Ryanair stock traded down $0.65 on Monday, reaching $45.04. 66,204 shares of the company were exchanged, compared to its average volume of 1,656,910. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $45.25 and a 200 day moving average of $44.87. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $57.48. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 2.01 and a beta of 1.41.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. On average, equities research analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.