Sumitomo Mitsui DS Asset Management Company Ltd Sells 282 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,538 shares of the transportation company’s stock after selling 282 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ryanair were worth $1,672,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RYAAY. Kornitzer Capital Management Inc. KS increased its position in shares of Ryanair by 49.9% during the fourth 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 in the last quarter. AIA Group Ltd increased its position in shares of Ryanair by 22.0% during the fourth quarter. AIA Group Ltd now owns 17,246 shares of the transportation company’s stock valued at $2,300,000 after acquiring an additional 3,105 shares in the last quarter. Ninety One North America Inc. increased its position in shares of Ryanair by 13.1% during the fourth quarter. Ninety One North America Inc. now owns 90,476 shares of the transportation company’s stock valued at $12,066,000 after acquiring an additional 10,512 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Ryanair during the fourth quarter valued at approximately $387,000. Finally, Mackenzie Financial Corp increased its position in shares of Ryanair by 2.5% during the fourth quarter. Mackenzie Financial Corp now owns 12,125 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 297 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Trading Down 2.9 %

Shares of RYAAY stock opened at $138.35 on Thursday. Ryanair Holdings plc has a 12-month low of $87.18 and a 12-month high of $150.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $141.63 and its 200 day moving average is $126.39. The stock has a market capitalization of $31.54 billion, a P/E ratio of 14.25, a P/E/G ratio of 0.71 and a beta of 1.59.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, January 29th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). Ryanair had a return on equity of 29.39% and a net margin of 15.64%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Research analysts expect that Ryanair Holdings plc will post 9.21 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on RYAAY. Evercore ISI raised their price target on shares of Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. StockNews.com downgraded 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

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.