Royal Bank of Canada Has $158.79 Million Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Royal Bank of Canada lifted its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,642,795 shares of the transportation company's stock after purchasing an additional 179,006 shares during the quarter. Royal Bank of Canada owned 0.67% of Ryanair worth $158,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RYAAY. Park Avenue Securities LLC bought a new stake in shares of Ryanair in the fourth quarter valued at about $294,000. Perpetual Ltd lifted its holdings in shares of Ryanair by 539.8% in the fourth quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock valued at $43,088,000 after purchasing an additional 833,988 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Ryanair in the fourth quarter valued at about $3,729,000. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Ryanair by 3.1% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 2,544,142 shares of the transportation company's stock valued at $110,899,000 after purchasing an additional 76,198 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Ryanair by 4.1% in the fourth quarter. Inspire Investing LLC now owns 41,269 shares of the transportation company's stock valued at $1,799,000 after purchasing an additional 1,628 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ryanair Stock Up 1.5%

Shares of NASDAQ:RYAAY traded up $0.84 during midday trading on Friday, reaching $56.03. The company had a trading volume of 1,494,870 shares, compared to its average volume of 1,656,588. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $46.82 and its 200 day moving average price is $45.79. The stock has a market cap of $29.80 billion, a PE ratio of 17.18, a P/E/G 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 $56.05.

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.