QRG Capital Management Inc. Raises Stock Position in Ryanair Holdings PLC $RYAAY

QRG Capital Management Inc. increased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,709 shares of the transportation company's stock after purchasing an additional 23,854 shares during the period. QRG Capital Management Inc.'s holdings in Ryanair were worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of Ryanair by 9.3% during the third quarter. Capital World Investors now owns 30,738,934 shares of the transportation company's stock worth $1,851,043,000 after purchasing an additional 2,626,911 shares in the last quarter. Capital International Investors lifted its position in Ryanair by 2.7% during the 3rd quarter. Capital International Investors now owns 37,465,187 shares of the transportation company's stock worth $2,250,932,000 after acquiring an additional 1,002,457 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company's stock worth $42,041,000 after acquiring an additional 861,361 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Ryanair by 315.0% in the 3rd quarter. Voloridge Investment Management LLC now owns 655,021 shares of the transportation company's stock worth $39,445,000 after acquiring an additional 497,174 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Ryanair by 13.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company's stock worth $191,291,000 after acquiring an additional 376,145 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Up 7.5%

Shares of NASDAQ:RYAAY opened at $58.53 on Thursday. The firm has a market cap of $30.55 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The company has a fifty day simple moving average of $60.63 and a 200 day simple moving average of $64.95. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $49.40 and a 12-month high of $74.24.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RYAAY shares. Weiss Ratings lowered shares of Ryanair from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 6th. Evercore upgraded shares of Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Thursday, March 12th. Sanford C. Bernstein raised shares of Ryanair from a "market perform" rating to an "outperform" rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Ryanair in a research note on Thursday, January 15th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Ryanair in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $75.67.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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