Ryanair Holdings PLC (RYAAY) Shares Sold by Ngam Advisors L.P.
Ngam Advisors L.P. decreased its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 29.1% during the first quarter, Holdings Channel reports. The institutional investor owned 30,023 shares of the transportation company’s stock after selling 12,340 shares during the period. Ngam Advisors L.P.’s holdings in Ryanair Holdings PLC were worth $2,491,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Ryanair Holdings PLC during the first quarter valued at $106,000. Tyers Asset Management LLC bought a new stake in Ryanair Holdings PLC during the fourth quarter valued at $133,000. Flinton Capital Management LLC bought a new stake in Ryanair Holdings PLC during the fourth quarter valued at $161,000. PNC Financial Services Group Inc. increased its stake 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 valued at $160,000 after buying an additional 98 shares in the last quarter. Finally, Castleark Management LLC increased its stake 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 valued at $174,000 after buying an additional 320 shares in the last quarter. 39.87% of the stock is currently owned by institutional investors.
Shares of Ryanair Holdings PLC (RYAAY) traded down 0.89% during mid-day trading on Tuesday, reaching $109.60. 128,194 shares of the company’s stock traded hands. Ryanair Holdings PLC has a one year low of $66.09 and a one year high of $110.82. The firm has a market cap of $26.70 billion, a price-to-earnings ratio of 18.70 and a beta of 0.57. The firm’s 50-day moving average is $103.19 and its 200 day moving average is $88.82.
Several research firms have weighed in on RYAAY. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $67.56 to $109.00 in a research report on Thursday, June 15th. ValuEngine upgraded 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 note on Wednesday, May 31st. Finally, Zacks Investment Research cut shares of Ryanair Holdings PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target 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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