Jefferies Group LLC boosted its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 256.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,774 shares of the transportation company’s stock after purchasing an additional 11,345 shares during the quarter. Jefferies Group LLC’s holdings in Ryanair were worth $1,643,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in RYAAY. Advisor Group Inc. raised its stake in shares of Ryanair by 82.2% in the fourth quarter. Advisor Group Inc. now owns 7,297 shares of the transportation company’s stock valued at $761,000 after acquiring an additional 3,292 shares during the period. Shellback Capital LP purchased a new stake in shares of Ryanair in the fourth quarter valued at $8,335,000. Dynamic Capital Management Ltd purchased a new stake in shares of Ryanair in the fourth quarter valued at $1,223,000. Bamco Inc. NY raised its stake in shares of Ryanair by 11.0% in the fourth quarter. Bamco Inc. NY now owns 22,275 shares of the transportation company’s stock valued at $2,321,000 after acquiring an additional 2,200 shares during the period. Finally, TimesSquare Capital Management LLC raised its stake in shares of Ryanair by 12.2% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,047,700 shares of the transportation company’s stock valued at $109,160,000 after acquiring an additional 114,200 shares during the period. 42.21% of the stock is currently owned by institutional investors.
Ryanair Holdings plc (NASDAQ:RYAAY) opened at $123.57 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.77. The company has a market cap of $28,998.93, a PE ratio of 17.82, a PEG ratio of 0.98 and a beta of 0.67. Ryanair Holdings plc has a 1-year low of $80.01 and a 1-year high of $127.35.
Ryanair declared that its board has approved a share buyback program on Monday, February 5th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
RYAAY has been the topic of several recent analyst reports. Credit Suisse Group downgraded shares of Ryanair from an “outperform” rating to a “neutral” rating in a research note on Monday, December 18th. ValuEngine downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. BidaskClub downgraded shares of Ryanair from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised shares of Ryanair from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, Sanford C. Bernstein raised shares of Ryanair from an “underperform” rating to a “market perform” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.00.
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Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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