Sprucegrove Investment Management Ltd. Sells 736,386 Shares of Ryanair Holdings PLC $RYAAY

Sprucegrove Investment Management Ltd. lessened its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 14.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,537,122 shares of the transportation company’s stock after selling 736,386 shares during the period. Ryanair comprises approximately 39.5% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its largest holding. Sprucegrove Investment Management Ltd. owned 0.86% of Ryanair worth $327,535,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RYAAY. Capital World Investors raised its stake in shares of Ryanair by 9.3% during the 3rd quarter. Capital World Investors now owns 30,738,934 shares of the transportation company’s stock worth $1,851,043,000 after purchasing an additional 2,626,911 shares in the last quarter. Capital International Investors raised its position in Ryanair by 2.7% during the third quarter. Capital International Investors now owns 37,465,187 shares of the transportation company’s stock worth $2,250,932,000 after acquiring an additional 1,002,457 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Ryanair by 658.1% in the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after acquiring an additional 861,361 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Ryanair by 315.0% in the third quarter. Voloridge Investment Management LLC now owns 655,021 shares of the transportation company’s stock valued at $39,445,000 after acquiring an additional 497,174 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Ryanair by 13.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,176,538 shares of the transportation company’s stock valued at $191,291,000 after acquiring an additional 376,145 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on RYAAY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Finally, Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.67.

Ryanair Price Performance

Shares of RYAAY opened at $54.43 on Wednesday. The company’s 50-day moving average is $60.75 and its 200-day moving average is $64.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $28.41 billion, a PE ratio of 10.93, a PEG ratio of 0.54 and a beta of 1.13. Ryanair Holdings PLC has a fifty-two week low of $49.40 and a fifty-two week high of $74.24.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.