BlueCrest Capital Management Ltd bought a new position in Ryanair Holdings PLC (NASDAQ:RYAAY) during the first quarter, Holdings Channel reports. The institutional investor bought 80,026 shares of the transportation company’s stock, valued at approximately $6,641,000.
Several other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Ryanair Holdings PLC during the first quarter worth approximately $106,000. Tyers Asset Management LLC purchased a new position in Ryanair Holdings PLC during the fourth quarter worth approximately $133,000. PNC Financial Services Group Inc. boosted its position in Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares in the last quarter. Flinton Capital Management LLC purchased a new position in Ryanair Holdings PLC during the fourth quarter worth approximately $161,000. Finally, Castleark Management LLC boosted its position in Ryanair Holdings PLC by 18.0% in the fourth quarter. Castleark Management LLC now owns 2,095 shares of the transportation company’s stock worth $174,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 39.94% of the company’s stock.
Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) traded down 0.21% during midday trading on Friday, hitting $108.46. 199,499 shares of the stock traded hands. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 18.64 and a beta of 0.57. The stock has a 50-day moving average of $102.17 and a 200-day moving average of $88.30. Ryanair Holdings PLC has a 52-week low of $66.09 and a 52-week high of $109.64.
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A number of research firms recently commented on RYAAY. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $67.56 to $109.00 in a research note on Thursday. ValuEngine raised shares of Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Citigroup Inc. cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Saturday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Ryanair Holdings PLC presently has an average rating of “Buy” and a consensus target price of $102.67.
Ryanair Holdings PLC Company 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.
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