First Allied Advisory Services Inc. grew its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,371 shares of the transportation company’s stock after purchasing an additional 1,246 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Ryanair were worth $771,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its stake in shares of Ryanair by 0.3% during the third quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock valued at $469,154,000 after acquiring an additional 12,553 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of Ryanair during the third quarter valued at $255,000. Bank of Montreal Can lifted its stake in shares of Ryanair by 625.2% during the fourth quarter. Bank of Montreal Can now owns 350,215 shares of the transportation company’s stock valued at $36,489,000 after acquiring an additional 301,925 shares during the period. Capital Bank & Trust Co lifted its stake in shares of Ryanair by 33.3% during the third quarter. Capital Bank & Trust Co now owns 297,171 shares of the transportation company’s stock valued at $31,328,000 after acquiring an additional 74,268 shares during the period. Finally, Voya Investment Management LLC acquired a new position in shares of Ryanair during the second quarter valued at $313,000. 42.14% of the stock is currently owned by institutional investors.
RYAAY has been the topic of several research reports. Credit Suisse Group lowered Ryanair from an “outperform” rating to a “neutral” rating in a research note on Monday, December 18th. ValuEngine lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. BidaskClub lowered Ryanair from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Ryanair from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Finally, Sanford C. Bernstein raised Ryanair from an “underperform” rating to a “market perform” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Ryanair presently has a consensus rating of “Hold” and a consensus price target of $96.00.
Ryanair announced that its board has approved a share repurchase plan on Monday, February 5th that authorizes the company to repurchase shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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