Ninety One UK Ltd Invests $11.76 Million in Ryanair Holdings PLC (NASDAQ:RYAAY)

Ninety One UK Ltd bought a new position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 277,589 shares of the transportation company's stock, valued at approximately $11,761,000. Ninety One UK Ltd owned about 0.05% of Ryanair as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in Ryanair by 19.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock worth $22,310,000 after acquiring an additional 87,532 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Ryanair by 19.9% during the first quarter. Bank of New York Mellon Corp now owns 97,405 shares of the transportation company's stock worth $4,127,000 after purchasing an additional 16,177 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Ryanair during the first quarter valued at $257,000. Golden State Wealth Management LLC grew its stake in Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after purchasing an additional 481 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Ryanair by 351.1% in the first quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock valued at $816,000 after purchasing an additional 14,980 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Price Performance

Shares of Ryanair stock traded down $0.98 on Wednesday, reaching $57.86. The company's stock had a trading volume of 1,611,826 shares, compared to its average volume of 1,641,952. The company has a market capitalization of $30.74 billion, a P/E ratio of 18.10, a PEG ratio of 1.00 and a beta of 1.38. Ryanair Holdings PLC has a 52-week low of $36.96 and a 52-week high of $59.36. The stock has a 50-day moving average price of $54.69 and a 200-day moving average price of $48.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of brokerages have issued reports on RYAAY. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $108.50.

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.