Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 15,344 Ryanair Holdings plc (NASDAQ:RYAAY)

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,344 shares of the transportation company's stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RYAAY. National Bank of Canada FI grew its holdings in Ryanair by 198.6% in the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock valued at $29,000 after purchasing an additional 437 shares during the period. R Squared Ltd purchased a new position in shares of Ryanair during the 4th quarter valued at approximately $42,000. EverSource Wealth Advisors LLC grew its stake in Ryanair by 32.9% in the 4th 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. Redwood Park Advisors LLC acquired a new stake in Ryanair in the 4th quarter valued at $43,000. Finally, Pacer Advisors Inc. increased its holdings 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 acquiring an additional 268 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $147.00.

Ryanair Trading Up 0.2%

Shares of RYAAY stock opened at $54.09 on Wednesday. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $54.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. The stock's fifty day moving average is $46.34 and its two-hundred day moving average is $45.58. The firm has a market capitalization of $28.77 billion, a P/E ratio of 16.58, a PEG ratio of 2.01 and a beta of 1.37.

Ryanair 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.

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