Ryanair Holdings plc (NASDAQ:RYAAY) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,027,202 shares of the transportation company's stock after selling 1,299,405 shares during the quarter. Lazard Asset Management LLC owned 1.30% of Ryanair worth $306,315,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Ryanair by 172.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company's stock valued at $3,285,000 after acquiring an additional 47,673 shares in the last quarter. Perpetual Ltd grew its holdings in Ryanair by 539.8% in the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock valued at $43,088,000 after buying an additional 833,988 shares in the last quarter. JCIC Asset Management Inc. increased its stake in shares of Ryanair by 154.4% in the 4th quarter. JCIC Asset Management Inc. now owns 71,018 shares of the transportation company's stock worth $3,096,000 after acquiring an additional 43,098 shares during the last quarter. Haven Global Partners LLC purchased a new position in shares of Ryanair during the 4th quarter worth $19,029,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ryanair in the fourth quarter valued at about $18,445,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of NASDAQ RYAAY traded down $0.23 during trading on Thursday, hitting $50.40. 1,788,338 shares of the company were exchanged, compared to its average volume of 1,657,323. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 15.45, a PEG 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 $51.91. The firm's fifty day moving average price is $45.91 and its 200 day moving average price is $45.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several recent analyst reports. StockNews.com lowered Ryanair from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ryanair currently has an average rating of "Buy" and a consensus target price of $147.00.

Ryanair Company 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.