Kinney Asset Management LLC Purchases 267,228 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Kinney Asset Management LLC raised its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 142.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 455,380 shares of the transportation company’s stock after purchasing an additional 267,228 shares during the quarter. Ryanair accounts for 19.3% of Kinney Asset Management LLC’s holdings, making the stock its 3rd largest holding. Kinney Asset Management LLC owned 0.20% of Ryanair worth $20,574,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Ryanair by 11.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,286 shares of the transportation company’s stock valued at $1,934,000 after buying an additional 1,403 shares during the period. BNP Paribas Financial Markets boosted its stake in Ryanair by 231.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,713 shares of the transportation company’s stock worth $686,000 after purchasing an additional 3,289 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Ryanair by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 8,876 shares of the transportation company’s stock worth $1,292,000 after buying an additional 232 shares during the last quarter. Callan Capital LLC acquired a new position in shares of Ryanair in the first quarter valued at approximately $200,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in Ryanair by 5.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,904 shares of the transportation company’s stock worth $860,000 after buying an additional 307 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Up 2.9 %

RYAAY stock opened at $45.54 on Friday. The firm has a fifty day moving average price of $77.85 and a two-hundred day moving average price of $104.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. Ryanair Holdings plc has a 1-year low of $36.93 and a 1-year high of $60.29. The firm has a market cap of $24.91 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.60 and a beta of 1.54.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Citigroup upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein dropped their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.67.

About Ryanair

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.