Alliancebernstein L.P. Acquires 1,000,543 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Alliancebernstein L.P. grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 47.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,128,742 shares of the transportation company’s stock after acquiring an additional 1,000,543 shares during the period. Alliancebernstein L.P. owned 0.58% of Ryanair worth $136,382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd bought a new position in shares of Ryanair during the 4th quarter valued at approximately $42,000. EverSource Wealth Advisors LLC boosted its position in shares of Ryanair by 32.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 954 shares of the transportation company’s stock worth $42,000 after purchasing an additional 236 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Ryanair by 150.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 645 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Ryanair by 148.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company’s stock valued at $54,000 after buying an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ryanair by 125.4% in the 4th quarter. GAMMA Investing LLC now owns 2,013 shares of the transportation company’s stock worth $88,000 after buying an additional 1,120 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RYAAY shares. Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Ryanair Stock Up 0.7 %

RYAAY opened at $42.67 on Wednesday. Ryanair Holdings plc has a 52 week low of $36.96 and a 52 week high of $60.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $46.26 and a two-hundred day simple moving average of $49.86. The company has a market capitalization of $22.76 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. Ryanair had a return on equity of 21.46% and a net margin of 12.14%. Analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share for the current fiscal year.

About Ryanair

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.