Point72 Asset Management L.P. Makes New Investment in Ryanair Holdings plc (NASDAQ:RYAAY)

Point72 Asset Management L.P. bought a new stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 72,100 shares of the transportation company's stock, valued at approximately $3,143,000.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased its stake in Ryanair by 198.6% during the fourth quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock valued at $29,000 after purchasing an additional 437 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Ryanair by 32.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after buying an additional 236 shares during the period. R Squared Ltd bought a new stake in shares of Ryanair during the 4th quarter valued at about $42,000. Redwood Park Advisors LLC acquired a new stake in Ryanair during the fourth quarter worth about $43,000. Finally, Pacer Advisors Inc. raised its stake in Ryanair by 14.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,168 shares of the transportation company's stock worth $95,000 after acquiring an additional 268 shares during the period. Institutional investors own 43.66% of the company's stock.

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. The stock has a market cap of $29.80 billion, a P/E ratio of 17.18, a PEG ratio of 2.01 and a beta of 1.37. The business's 50 day moving average is $46.82 and its 200 day moving average is $45.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $56.05.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RYAAY. Wall Street Zen raised Ryanair from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Royal Bank of Canada reiterated an "outperform" rating on shares of Ryanair in a research report 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, Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.