Capital World Investors Sells 1,643,939 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Capital World Investors lessened its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 28,083,975 shares of the transportation company's stock after selling 1,643,939 shares during the period. Capital World Investors owned approximately 5.20% of Ryanair worth $1,224,181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of RYAAY. JPMorgan Chase & Co. increased its holdings in Ryanair by 145.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company's stock worth $170,744,000 after purchasing an additional 2,240,230 shares in the last quarter. Capital International Investors grew its holdings in Ryanair by 6.1% during the fourth quarter. Capital International Investors now owns 38,800,258 shares of the transportation company's stock worth $1,691,536,000 after buying an additional 2,231,153 shares in the last quarter. Franklin Resources Inc. raised its position in Ryanair by 142.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,839,384 shares of the transportation company's stock valued at $81,282,000 after buying an additional 1,079,920 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Ryanair by 47.0% during the 4th quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company's stock valued at $136,382,000 after acquiring an additional 1,000,543 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Ryanair during the 4th quarter worth $39,816,000. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

RYAAY traded down $0.17 during trading hours on Friday, hitting $46.22. The stock had a trading volume of 275,389 shares, compared to its average volume of 1,659,181. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $56.76. The company's fifty day simple moving average is $45.28 and its 200 day simple moving average is $44.93. The stock has a market cap of $24.59 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. Equities analysts anticipate that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on RYAAY. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. StockNews.com cut Ryanair from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Ryanair currently 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.