Lazard Asset Management LLC Decreases Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Lazard Asset Management LLC trimmed its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,027,202 shares of the transportation company’s stock after selling 1,299,405 shares during the quarter. Lazard Asset Management LLC owned 1.30% of Ryanair worth $306,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RYAAY. Capital International Investors grew its stake in shares of Ryanair by 6.1% in the 4th 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 last quarter. Alliancebernstein L.P. boosted its holdings in shares of Ryanair by 47.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,128,742 shares of the transportation company’s stock worth $136,382,000 after buying an additional 1,000,543 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Ryanair in the 4th quarter worth $39,816,000. Perpetual Ltd grew its stake in shares of Ryanair by 539.8% during the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company’s stock valued at $43,088,000 after acquiring an additional 833,988 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Ryanair by 3.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,091,455 shares of the transportation company’s stock valued at $1,224,507,000 after purchasing an additional 828,019 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $49.85 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Ryanair Holdings plc has a 12 month low of $36.96 and a 12 month high of $52.11. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 2.01 and a beta of 1.37. The firm’s 50-day moving average is $45.83 and its 200 day moving average is $45.28.

Analysts Set New Price Targets

RYAAY has been the topic of several recent analyst reports. StockNews.com cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and an average price target of $147.00.

Ryanair Company 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.