The Manufacturers Life Insurance Company Sells 62,349 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

The Manufacturers Life Insurance Company trimmed its stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 approximately 0.14% of Ryanair worth $32,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RYAAY. EverSource Wealth Advisors LLC lifted its position in Ryanair by 32.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company's stock valued at $42,000 after purchasing an additional 236 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Ryanair by 8.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company's stock worth $147,000 after purchasing an additional 259 shares during the last quarter. Schechter Investment Advisors LLC lifted its holdings in Ryanair by 2.3% in the 4th quarter. Schechter Investment Advisors LLC now owns 11,584 shares of the transportation company's stock worth $505,000 after buying an additional 261 shares during the period. Pacer Advisors Inc. lifted its holdings in Ryanair by 14.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,168 shares of the transportation company's stock worth $95,000 after buying an additional 268 shares during the period. Finally, Gallacher Capital Management LLC grew its position in shares of Ryanair by 3.5% in the 4th quarter. Gallacher Capital Management LLC now owns 10,822 shares of the transportation company's stock worth $472,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

Shares of NASDAQ RYAAY traded up $0.48 during trading on Monday, hitting $50.36. The company had a trading volume of 573,359 shares, compared to its average volume of 1,673,317. The stock has a 50 day simple moving average of $45.56 and a 200 day simple moving average of $45.09. The firm has a market capitalization of $26.79 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $56.76.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly 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%. As a group, analysts anticipate that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RYAAY shares. StockNews.com cut 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 report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.