Millennium Management LLC Grows Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Millennium Management LLC raised its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 548,227 shares of the transportation company's stock after buying an additional 188,575 shares during the period. Millennium Management LLC owned 0.10% of Ryanair worth $23,897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAAY. Eagle Global Advisors LLC bought a new stake in shares of Ryanair during the fourth quarter worth $1,090,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ryanair during the fourth quarter worth $7,132,000. Cetera Investment Advisers boosted its holdings in Ryanair by 23.5% during the fourth quarter. Cetera Investment Advisers now owns 13,572 shares of the transportation company's stock worth $592,000 after purchasing an additional 2,582 shares during the last quarter. Brave Warrior Advisors LLC boosted its holdings in Ryanair by 9.8% during the fourth quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company's stock worth $244,290,000 after purchasing an additional 500,239 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Ryanair by 63.7% during the fourth quarter. Baird Financial Group Inc. now owns 762,556 shares of the transportation company's stock worth $33,240,000 after purchasing an additional 296,778 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Up 1.5%

NASDAQ RYAAY traded up $0.84 during mid-day trading on Friday, reaching $56.03. The stock had a trading volume of 1,494,870 shares, compared to its average volume of 1,656,588. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $56.05. The stock has a market cap of $29.80 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a fifty day moving average price of $46.82 and a 200 day moving average price of $45.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research note on Wednesday. Royal Bank of Canada restated an "outperform" rating on shares of Ryanair in a research note on Wednesday. Wall Street Zen upgraded Ryanair from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Citigroup reiterated a "buy" rating on shares of Ryanair in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Two analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ryanair currently has an average rating of "Buy" and an average target price of $147.00.

Ryanair Company 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.