Mackenzie Financial Corp Sells 12,359 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Mackenzie Financial Corp lessened its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,820,999 shares of the transportation company's stock after selling 12,359 shares during the quarter. Mackenzie Financial Corp owned approximately 0.34% of Ryanair worth $79,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ryanair Trading Down 1.1%

Shares of NASDAQ RYAAY traded down $0.65 during trading hours on Thursday, hitting $55.97. 2,775,758 shares of the company traded hands, compared to its average volume of 1,668,668. The company's 50 day moving average price is $47.40 and its 200 day moving average price is $45.99. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $57.20. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

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

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.