DAVENPORT & Co LLC Invests $257,000 in Ryanair Holdings PLC (NASDAQ:RYAAY)

DAVENPORT & Co LLC bought a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,057 shares of the transportation company's stock, valued at approximately $257,000.

A number of other hedge funds also recently added to or reduced their stakes in RYAAY. Raymond James Financial Inc. acquired a new stake in Ryanair during the 4th quarter worth about $18,445,000. Farther Finance Advisors LLC lifted its holdings in Ryanair by 1,190.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock worth $249,000 after purchasing an additional 5,380 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Ryanair by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares during the last quarter. Bessemer Group Inc. increased its position in Ryanair by 351.1% in the 1st quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock worth $816,000 after buying an additional 14,980 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Ryanair by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,510 shares of the transportation company's stock worth $869,000 after buying an additional 1,824 shares during the period. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

Shares of Ryanair stock traded down $0.98 during trading hours on Wednesday, reaching $57.86. The company had a trading volume of 1,611,826 shares, compared to its average volume of 1,641,952. Ryanair Holdings PLC has a one year low of $36.96 and a one year high of $59.36. The business has a fifty day simple moving average of $54.69 and a 200 day simple moving average of $48.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $30.74 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.38.

Analyst Ratings Changes

Several equities analysts recently weighed in on RYAAY shares. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Raymond James Financial restated a "strong-buy" rating on shares of Ryanair in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $108.50.

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.