Dynamic Technology Lab Private Ltd Purchases New Stake in Ryanair Holdings PLC (RYAAY)
Dynamic Technology Lab Private Ltd purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,230 shares of the transportation company’s stock, valued at approximately $235,000.
A number of other hedge funds have also modified their holdings of RYAAY. Manning & Napier Advisors LLC lifted its position in shares of Ryanair by 26.7% during the 3rd quarter. Manning & Napier Advisors LLC now owns 609,344 shares of the transportation company’s stock worth $64,236,000 after purchasing an additional 128,331 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Ryanair in the third quarter valued at $151,000. Comgest Global Investors S.A.S. purchased a new stake in Ryanair in the third quarter valued at $3,922,000. Bank of New York Mellon Corp lifted its position in Ryanair by 14.0% in the third quarter. Bank of New York Mellon Corp now owns 135,838 shares of the transportation company’s stock valued at $14,321,000 after acquiring an additional 16,682 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in Ryanair by 55.2% in the third quarter. Advisor Group Inc. now owns 4,005 shares of the transportation company’s stock valued at $422,000 after acquiring an additional 1,425 shares during the last quarter. 40.32% of the stock is owned by institutional investors.
Ryanair Holdings PLC (NASDAQ RYAAY) opened at $119.00 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.79. The company has a market cap of $28,362.69, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.79 and a beta of 0.62. Ryanair Holdings PLC has a one year low of $78.35 and a one year high of $127.35.
RYAAY has been the subject of a number of research reports. Citigroup initiated coverage on shares of Ryanair in a research report on Monday, November 20th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Kepler Capital Markets cut shares of Ryanair from a “hold” rating to a “reduce” rating in a research report on Thursday, September 21st. Finally, cut shares of Ryanair from a “buy” rating to a “reduce” rating in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Ryanair presently has a consensus rating of “Hold” and an average target price of $96.00.
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Ryanair 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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