Hosking Partners LLP Acquires 6,985 Shares of Ryanair Holdings PLC (RYAAY)

Hosking Partners LLP increased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,295 shares of the transportation company’s stock after acquiring an additional 6,985 shares during the quarter. Hosking Partners LLP’s holdings in Ryanair were worth $7,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in Ryanair by 17.4% during the third quarter. Mackenzie Financial Corp now owns 4,240 shares of the transportation company’s stock worth $447,000 after purchasing an additional 627 shares during the period. PNC Financial Services Group Inc. raised its stake in Ryanair by 35.1% during the second quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the transportation company’s stock worth $283,000 after purchasing an additional 682 shares during the period. US Bancorp DE raised its stake in Ryanair by 168.2% during the fourth quarter. US Bancorp DE now owns 1,172 shares of the transportation company’s stock worth $122,000 after purchasing an additional 735 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Ryanair by 25.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,778 shares of the transportation company’s stock worth $398,000 after purchasing an additional 772 shares during the period. Finally, Comerica Bank raised its stake in Ryanair by 6.5% during the fourth quarter. Comerica Bank now owns 14,708 shares of the transportation company’s stock worth $1,797,000 after purchasing an additional 894 shares during the period. Hedge funds and other institutional investors own 41.97% of the company’s stock.

A number of equities analysts have commented on RYAAY shares. Citigroup started coverage on shares of Ryanair in a research note on Monday, November 20th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Ryanair from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. BidaskClub downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. ValuEngine downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Finally, Credit Suisse Group downgraded shares of Ryanair from an “outperform” rating to a “neutral” rating in a research note on Monday, December 18th. Two 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. Ryanair presently has a consensus rating of “Hold” and an average price target of $96.00.

Shares of Ryanair Holdings PLC (RYAAY) opened at $120.84 on Thursday. The stock has a market cap of $28,153.02, a P/E ratio of 17.25, a PEG ratio of 0.95 and a beta of 0.67. Ryanair Holdings PLC has a 52 week low of $78.35 and a 52 week high of $127.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.77.

Ryanair announced that its board has initiated a share repurchase plan on Monday, February 5th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/02/15/hosking-partners-llp-acquires-6985-shares-of-ryanair-holdings-plc-ryaay.html.

Ryanair Profile

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.

Want to see what other hedge funds are holding RYAAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryanair Holdings PLC (NASDAQ:RYAAY).

Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

Receive News & Ratings for Ryanair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryanair and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply