The Manufacturers Life Insurance Company Trims Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

The Manufacturers Life Insurance Company reduced its stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 745,120 shares of the transportation company's stock after selling 62,349 shares during the period. The Manufacturers Life Insurance Company owned 0.14% of Ryanair worth $32,480,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital International Investors boosted its stake in shares of 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 during the period. Franklin Resources Inc. grew its stake in shares of 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 purchasing an additional 1,079,920 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Ryanair by 47.0% during the fourth quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company's stock worth $136,382,000 after purchasing an additional 1,000,543 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Ryanair during the 4th quarter worth $39,816,000. Finally, Perpetual Ltd raised its holdings in Ryanair by 539.8% during the fourth quarter. Perpetual Ltd now owns 988,490 shares of the transportation company's stock worth $43,088,000 after purchasing an additional 833,988 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RYAAY. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. StockNews.com downgraded Ryanair from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $147.00.

Ryanair Trading Up 0.6 %

Shares of RYAAY traded up $0.29 during mid-day trading on Wednesday, reaching $50.62. The company had a trading volume of 358,000 shares, compared to its average volume of 1,669,584. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The firm has a fifty day simple moving average of $45.67 and a 200-day simple moving average of $45.16. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $54.36.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. On average, sell-side analysts anticipate that Ryanair Holdings plc will post 3.09 EPS for the current fiscal year.

Ryanair 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.