Millennium Management LLC Acquires 188,575 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Millennium Management LLC increased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 52.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,227 shares of the transportation company's stock after purchasing an additional 188,575 shares during the period. Millennium Management LLC owned approximately 0.10% of Ryanair worth $23,897,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors lifted its stake in Ryanair by 6.1% in the 4th quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock valued at $1,691,536,000 after acquiring an additional 2,231,153 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Ryanair by 47.0% in 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 in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Ryanair in the 4th quarter valued at approximately $39,816,000. Perpetual Ltd increased its position in shares of Ryanair by 539.8% during the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock worth $43,088,000 after purchasing an additional 833,988 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Ryanair by 3.0% during the 4th 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 during the last quarter. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Up 7.9%

RYAAY stock opened at $53.97 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $28.71 billion, a PE ratio of 16.55, a PEG ratio of 2.01 and a beta of 1.37. Ryanair Holdings plc has a 1-year low of $36.96 and a 1-year high of $54.39. The business's 50 day simple moving average is $46.19 and its 200 day simple moving average is $45.52.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its earnings results on Monday, May 19th. The transportation company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.64) by $3.76. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. As a group, research analysts anticipate that Ryanair Holdings plc will post 3.09 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on RYAAY. Deutsche Bank Aktiengesellschaft raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. StockNews.com lowered Ryanair from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "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.

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