Ryanair Holdings plc (NASDAQ:RYAAY) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 4,694.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,519 shares of the transportation company's stock after buying an additional 94,506 shares during the quarter. GAMMA Investing LLC's holdings in Ryanair were worth $4,090,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ryanair by 148.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,371 shares of the transportation company's stock valued at $1,422,000 after acquiring an additional 19,320 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Ryanair by 172.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company's stock valued at $3,285,000 after acquiring an additional 47,673 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Ryanair by 8.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock valued at $147,000 after acquiring an additional 259 shares during the period. Blue Trust Inc. increased its holdings in shares of Ryanair by 56.3% in the 4th quarter. Blue Trust Inc. now owns 3,847 shares of the transportation company's stock valued at $168,000 after acquiring an additional 1,385 shares during the period. Finally, ABC Arbitrage SA acquired a new position in shares of Ryanair in the 4th quarter valued at $930,000. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analyst Weigh In

RYAAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Sanford C. Bernstein restated an "outperform" 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. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.00.

Ryanair Stock Down 2.0%

Shares of RYAAY traded down $1.12 during mid-day trading on Friday, reaching $55.22. 1,345,340 shares of the stock traded hands, compared to its average volume of 1,675,003. The firm has a market cap of $29.37 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 2.01 and a beta of 1.38. The stock has a fifty day simple moving average of $50.64 and a 200 day simple moving average of $46.99. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $58.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21.

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.