Mirae Asset Global Investments Co. Ltd. Makes New Investment in Ryanair Holdings PLC $RYAAY

Mirae Asset Global Investments Co. Ltd. bought a new position in Ryanair Holdings PLC (NASDAQ:RYAAY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 41,879 shares of the transportation company’s stock, valued at approximately $2,304,000.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Ryanair by 48.1% during the 2nd quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock valued at $43,000 after buying an additional 216 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Ryanair by 18.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,495 shares of the transportation company’s stock valued at $82,000 after buying an additional 238 shares in the last quarter. Leonteq Securities AG increased its holdings in Ryanair by 2,084.9% in the 2nd quarter. Leonteq Securities AG now owns 2,032 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 1,939 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ryanair by 68.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,461 shares of the transportation company’s stock worth $159,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Ryanair by 42.4% in the 1st quarter. Parallel Advisors LLC now owns 2,886 shares of the transportation company’s stock worth $167,000 after acquiring an additional 859 shares during the last quarter. 43.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RYAAY. Oddo Bhf cut shares of Ryanair from an “outperform” rating to an “underperform” rating in a research report on Wednesday, October 28th. Raymond James Financial reiterated a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a report on Monday, August 24th. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Zacks Research upgraded shares of Ryanair from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley began coverage on Ryanair in a research note on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.97.

Insider Activity

In other Ryanair news, insider Carol Sharkey sold 6,166 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $28.06, for a total value of $173,017.96. Following the completion of the transaction, the insider owned 7,970 shares in the company, valued at approximately $223,638.20. This represents a 43.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ryanair Stock Performance

Shares of NASDAQ RYAAY opened at $59.30 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04. Ryanair Holdings PLC has a 12 month low of $51.02 and a 12 month high of $74.24. The company has a 50 day simple moving average of $54.30 and a two-hundred day simple moving average of $59.57. The stock has a market cap of $30.71 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 4.89 and a beta of 1.22.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group focused on low-fare, short-haul travel. Its airlines operate scheduled passenger flights, primarily on point-to-point routes, and offer related services such as priority boarding, seat selection and baggage options.

The group serves destinations across Europe and also operates routes to countries in North Africa and the Middle East. Its airline businesses include Ryanair, Buzz, Malta Air and Lauda Europe.

Founded in 1984, Ryanair began flying in 1985 with a route between Waterford, Ireland, and London Gatwick.