Point72 Asset Management L.P. Invests $3.14 Million in Ryanair Holdings plc (NASDAQ:RYAAY)

Point72 Asset Management L.P. purchased a new position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 72,100 shares of the transportation company's stock, valued at approximately $3,143,000.

A number of other institutional investors have also made changes to their positions in the stock. Maven Securities LTD acquired a new position in shares of Ryanair during the 4th quarter worth about $3,153,000. Millennium Management LLC grew its position in shares of Ryanair by 52.4% in the fourth quarter. Millennium Management LLC now owns 548,227 shares of the transportation company's stock valued at $23,897,000 after purchasing an additional 188,575 shares during the last quarter. Eagle Global Advisors LLC acquired a new position in shares of Ryanair in the fourth quarter valued at about $1,090,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ryanair in the fourth quarter valued at approximately $7,132,000. Finally, Cetera Investment Advisers increased its position in shares of Ryanair by 23.5% in 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 period. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY traded up $0.84 during midday trading on Monday, reaching $56.03. The company had a trading volume of 1,494,870 shares, compared to its average volume of 1,656,588. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $56.05. The company's 50 day moving average price is $46.82 and its 200 day moving average price is $45.78. 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 stock has a market cap of $29.80 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.01 and a beta of 1.37.

Analysts Set New Price Targets

Several brokerages recently commented on RYAAY. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday. Finally, Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $147.00.

Ryanair 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.