Lafayette Investments Inc. lowered its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,668 shares of the transportation company’s stock after selling 1,161 shares during the period. Ryanair comprises 2.2% of Lafayette Investments Inc.’s holdings, making the stock its 15th largest position. Lafayette Investments Inc.’s holdings in Ryanair were worth $6,366,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Ryanair by 51.3% in the 3rd quarter. Pacer Advisors Inc. now owns 531 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 180 shares in the last quarter. Manchester Financial Inc. bought a new position in shares of Ryanair in the 4th quarter valued at about $48,000. Advisory Services Network LLC lifted its stake in Ryanair by 27.8% in the 4th quarter. Advisory Services Network LLC now owns 625 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 136 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new stake in Ryanair in the 3rd quarter valued at about $123,000. Finally, CLARET ASSET MANAGEMENT Corp acquired a new stake in Ryanair in the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 44.38% of the company’s stock.
Several equities research analysts have issued reports on RYAAY shares. Berenberg Bank upgraded shares of Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. TheStreet raised shares of Ryanair from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th. Zacks Investment Research raised shares of Ryanair from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Thursday, November 7th. BidaskClub cut shares of Ryanair from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Finally, Raymond James raised their target price on shares of Ryanair from $100.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.00.
Ryanair Company Profile
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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