Summit Global Investments Sells 7,735 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Summit Global Investments lowered its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 40.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,502 shares of the transportation company’s stock after selling 7,735 shares during the quarter. Summit Global Investments’ holdings in Ryanair were worth $1,534,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in Ryanair during the fourth quarter valued at about $3,708,000. Sprucegrove Investment Management Ltd. lifted its stake in shares of Ryanair by 9.9% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock valued at $365,121,000 after acquiring an additional 246,850 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in Ryanair by 49.9% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company’s stock valued at $4,999,000 after acquiring an additional 12,486 shares during the period. Lincoln National Corp bought a new position in Ryanair during the 3rd quarter worth approximately $320,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in Ryanair by 1,259.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 27,079 shares of the transportation company’s stock worth $2,632,000 after purchasing an additional 25,087 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Trading Up 0.4 %

NASDAQ RYAAY traded up $0.51 on Friday, hitting $140.30. The company’s stock had a trading volume of 356,740 shares, compared to its average volume of 490,400. The firm has a market cap of $31.99 billion, a P/E ratio of 14.45, a PEG ratio of 0.69 and a beta of 1.59. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The company’s 50-day simple moving average is $141.51 and its 200 day simple moving average is $127.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.32.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, January 29th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Ryanair had a return on equity of 29.39% and a net margin of 15.64%. Research analysts predict that Ryanair Holdings plc will post 9.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on RYAAY shares. Evercore ISI increased their price objective on Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Ryanair Company Profile

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.