QRG Capital Management Inc. Cuts Position in Ryanair Holdings PLC (NASDAQ:RYAAY)

QRG Capital Management Inc. reduced its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,806 shares of the transportation company's stock after selling 11,236 shares during the quarter. QRG Capital Management Inc.'s holdings in Ryanair were worth $2,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Ryanair during the 4th quarter worth approximately $18,445,000. Farther Finance Advisors LLC boosted its stake in shares of Ryanair by 1,190.3% during the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock worth $249,000 after acquiring an additional 5,380 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Ryanair during the 1st quarter worth approximately $215,000. Commonwealth Equity Services LLC boosted its position in Ryanair by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,359 shares of the transportation company's stock worth $495,000 after purchasing an additional 821 shares in the last quarter. Finally, Boston Partners boosted its position in Ryanair by 3.7% during the fourth quarter. Boston Partners now owns 559,231 shares of the transportation company's stock worth $24,378,000 after purchasing an additional 19,976 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Trading Down 0.5%

Shares of RYAAY stock traded down $0.30 during trading hours on Friday, hitting $54.97. 1,323,266 shares of the company were exchanged, compared to its average volume of 1,668,633. The firm has a market cap of $29.20 billion, a PE ratio of 17.20, a PEG ratio of 0.98 and a beta of 1.38. Ryanair Holdings PLC has a 1 year low of $36.96 and a 1 year high of $58.38. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $51.89 and a 200 day moving average of $47.39.

Analysts Set New Price Targets

RYAAY has been the topic of several recent research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup reiterated a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft raised shares of Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Wall Street Zen lowered Ryanair from a "buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate 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.