Ryanair Holdings plc (NASDAQ:RYAAY) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 619.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 214,320 shares of the transportation company’s stock after acquiring an additional 184,517 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ryanair were worth $9,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Ryanair by 188.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock valued at $1,231,762,000 after acquiring an additional 17,810,361 shares during the period. Janus Henderson Group PLC grew its stake in Ryanair by 169.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock valued at $284,893,000 after acquiring an additional 3,967,436 shares during the period. FMR LLC grew its stake in Ryanair by 35.3% in the 3rd quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock valued at $394,631,000 after acquiring an additional 2,279,679 shares during the period. JPMorgan Chase & Co. grew its stake in Ryanair by 145.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company’s stock valued at $170,744,000 after acquiring an additional 2,240,230 shares during the period. Finally, Franklin Resources Inc. grew its stake in Ryanair by 142.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,839,384 shares of the transportation company’s stock valued at $81,282,000 after acquiring an additional 1,079,920 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Trading Up 1.9 %

Shares of RYAAY opened at $47.30 on Friday. 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’s fifty day moving average is $45.65 and its two-hundred day moving average is $56.12. The stock has a market cap of $25.42 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46.

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

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $151.00.

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.