Artemis Investment Management LLP Decreases Stake in Ryanair Holdings PLC $RYAAY

Key Points

• Artemis Investment Management cut its stake in Ryanair by 8.6% in Q4, selling 136,052 shares and ending the period with 1,448,711 shares (about 0.28% of Ryanair) valued at roughly $104.6 million, making the stock its 21st-largest holding.
• Several large institutions — including Capital International Investors, Capital World Investors, JPMorgan and Goldman Sachs — materially increased their Ryanair positions, and institutional investors now own about 43.66% of the company.
• Ryanair trades with a market cap of about $28.4 billion, a P/E of 10.94 and a 52-week range of $49.39–$74.24; analysts' consensus is a Moderate Buy with an average target of $75.67.

Artemis Investment Management LLP cut its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,448,711 shares of the transportation company's stock after selling 136,052 shares during the period. Ryanair makes up 1.3% of Artemis Investment Management LLP's holdings, making the stock its 21st biggest holding. Artemis Investment Management LLP owned 0.28% of Ryanair worth $104,582,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Capital International Investors boosted its position in shares of Ryanair by 2.7% during the third quarter. Capital International Investors now owns 37,465,187 shares of the transportation company's stock worth $2,250,932,000 after buying an additional 1,002,457 shares during the period. Capital World Investors boosted its position in shares of Ryanair by 9.3% during the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company's stock worth $1,851,043,000 after buying an additional 2,626,911 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ryanair by 13.4% during the third quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company's stock worth $191,291,000 after buying an additional 376,145 shares during the period. Capital International Inc. CA grew its holdings in shares of Ryanair by 3.3% in the third quarter. Capital International Inc. CA now owns 1,467,028 shares of the transportation company's stock valued at $88,344,000 after purchasing an additional 47,151 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Ryanair by 658.1% in the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company's stock valued at $42,041,000 after purchasing an additional 861,361 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $54.47 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. Ryanair Holdings PLC has a one year low of $49.39 and a one year high of $74.24. The firm has a market capitalization of $28.43 billion, a P/E ratio of 10.94, a PEG ratio of 0.55 and a beta of 1.14. The company's fifty day moving average is $60.95 and its two-hundred day moving average is $64.96.

Wall Street Analyst Weigh In

RYAAY has been the subject of a number of research reports. Zacks Research cut shares of Ryanair from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Wall Street Zen downgraded Ryanair from a "buy" rating to a "hold" rating in a report on Sunday, January 25th. Erste Group Bank downgraded Ryanair from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. Sanford C. Bernstein upgraded Ryanair from a "market perform" rating to an "outperform" rating in a report on Monday, April 13th. Finally, Evercore upgraded Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.67.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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