Artemis Investment Management LLP Cuts Position in Ryanair Holdings PLC (NASDAQ:RYAAY)

Artemis Investment Management LLP lowered its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors grew its position in Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock valued at $1,691,536,000 after buying an additional 2,231,153 shares during the period. Alliancebernstein L.P. grew its position in shares of Ryanair by 47.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company's stock valued at $136,382,000 after acquiring an additional 1,000,543 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ryanair in the 4th quarter valued at about $39,816,000. Massachusetts Financial Services Co. MA increased its stake in shares of Ryanair by 3.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,091,455 shares of the transportation company's stock valued at $1,224,507,000 after purchasing an additional 828,019 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Ryanair by 218.9% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 988,490 shares of the transportation company's stock worth $43,088,000 after purchasing an additional 678,535 shares during the period. Institutional investors and hedge funds own 43.66% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen cut shares of Ryanair from a "buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Ryanair currently has an average rating of "Moderate Buy" and an average price target of $147.00.

Ryanair Stock Up 1.4%

RYAAY stock traded up $0.77 during midday trading on Monday, reaching $57.76. 1,240,537 shares of the company were exchanged, compared to its average volume of 1,657,427. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 0.74. Ryanair Holdings PLC has a 1-year low of $36.96 and a 1-year high of $58.38. The stock's 50-day simple moving average is $53.03 and its 200 day simple moving average is $47.76.

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.