BB&T Corp boosted its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 59.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,735 shares of the transportation company’s stock after acquiring an additional 3,632 shares during the quarter. BB&T Corp’s holdings in Ryanair were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RYAAY. Manchester Financial Inc. bought a new position in Ryanair in the second quarter valued at $35,000. Pacer Advisors Inc. increased its stake in Ryanair by 51.3% in the third quarter. Pacer Advisors Inc. now owns 531 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 180 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Ryanair in the second quarter valued at $90,000. Westwood Holdings Group Inc. bought a new position in Ryanair in the second quarter valued at $114,000. Finally, Quest Capital Management Inc. ADV bought a new position in Ryanair in the third quarter valued at $123,000. 49.92% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ RYAAY opened at $85.21 on Friday. The company has a 50-day simple moving average of $71.52 and a two-hundred day simple moving average of $66.78. The company has a quick ratio of 1.08, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Ryanair Holdings plc has a 12-month low of $55.75 and a 12-month high of $88.71. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 16.58 and a beta of 0.85.
Several analysts have issued reports on the stock. Societe Generale lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Raymond James upped their price target on shares of Ryanair from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday. BidaskClub upgraded shares of Ryanair from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Bank of America assumed coverage on shares of Ryanair in a research report on Monday, September 30th. They set a “buy” rating for the company. Finally, ValuEngine upgraded shares of Ryanair from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $84.00.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.
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