Kornitzer Capital Management Inc. KS Has $2.48 Million Stock Holdings in Ryanair Holdings PLC $RYAAY

Kornitzer Capital Management Inc. KS lowered its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 54.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 43,000 shares of the transportation company’s stock after selling 50,715 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Ryanair were worth $2,480,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of Ryanair by 4.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after acquiring an additional 1,233,059 shares during the period. Metropolis Capital Ltd lifted its holdings in Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock worth $276,253,000 after purchasing an additional 36,559 shares during the last quarter. Royal Bank of Canada boosted its stake in Ryanair by 7.3% in the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock valued at $165,630,000 after purchasing an additional 266,343 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Ryanair in the 1st quarter valued at $118,071,000. Finally, Natixis Advisors LLC grew its holdings in Ryanair by 5.6% in the 1st quarter. Natixis Advisors LLC now owns 1,034,561 shares of the transportation company’s stock valued at $43,834,000 after buying an additional 54,439 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $61.56 on Monday. The firm has a 50 day moving average of $60.73 and a 200-day moving average of $57.23. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $32.51 billion, a PE ratio of 14.45, a PEG ratio of 0.66 and a beta of 1.38.

Analyst Ratings Changes

A number of research firms have recently weighed in on RYAAY. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Thursday. The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Morgan Stanley initiated coverage on shares of Ryanair in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. Finally, Oddo Bhf upgraded shares of Ryanair from an “underperform” rating to an “outperform” rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $76.00.

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.