ABC Arbitrage SA Has $2.78 Million Stake in Ryanair Holdings PLC $RYAAY

ABC Arbitrage SA trimmed its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 68.3% during the fourth quarter, Holdings Channel reports. The fund owned 38,512 shares of the transportation company’s stock after selling 83,156 shares during the quarter. ABC Arbitrage SA’s holdings in Ryanair were worth $2,780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Ryanair by 33.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock worth $9,869,000 after buying an additional 41,065 shares during the period. JCIC Asset Management Inc. bought a new position in Ryanair in the 3rd quarter worth $4,160,000. Capula Management Ltd acquired a new position in Ryanair during the 3rd quarter worth $1,235,000. Assetmark Inc. lifted its position in Ryanair by 151.0% during the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after acquiring an additional 213,948 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Ryanair by 10,134.5% during the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after acquiring an additional 34,660 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Down 2.5%

Shares of RYAAY opened at $56.60 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $60.06 and a 200-day simple moving average of $64.87. Ryanair Holdings PLC has a 52 week low of $49.40 and a 52 week high of $74.24. The firm has a market capitalization of $29.54 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.71 and a beta of 1.13.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RYAAY. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, March 12th. Sanford C. Bernstein raised Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.67.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.