Artemis Investment Management LLP Sells 230,285 Shares of Ryanair Holdings PLC (NASDAQ:RYAAY)

Artemis Investment Management LLP lessened its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,285,747 shares of the transportation company's stock after selling 230,285 shares during the period. Artemis Investment Management LLP owned about 0.24% of Ryanair worth $54,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. grew its position in Ryanair by 57.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 71,449 shares of the transportation company's stock valued at $3,114,000 after purchasing an additional 26,126 shares during the last quarter. Hosking Partners LLP lifted its position in shares of Ryanair by 19.3% in the fourth quarter. Hosking Partners LLP now owns 715,419 shares of the transportation company's stock worth $31,185,000 after buying an additional 115,629 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Ryanair by 110.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,932 shares of the transportation company's stock valued at $128,000 after buying an additional 1,538 shares during the last quarter. Schechter Investment Advisors LLC grew 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 valued at $505,000 after buying an additional 261 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Ryanair by 64.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,320 shares of the transportation company's stock worth $6,465,000 after acquiring an additional 58,305 shares during the last quarter. Institutional investors own 43.66% of the company's stock.

Ryanair Price Performance

RYAAY stock opened at $57.31 on Friday. The stock has a market cap of $30.45 billion, a PE ratio of 17.93, a P/E/G ratio of 1.00 and a beta of 1.38. Ryanair Holdings PLC has a 12 month low of $36.96 and a 12 month high of $58.38. The company has a 50-day moving average price of $52.80 and a 200 day moving average price of $47.66. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RYAAY. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Wall Street Zen downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

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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