Capital One National Association acquired a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,280 shares of the transportation company’s stock, valued at approximately $238,000.
Several other large investors also recently bought and sold shares of RYAAY. Shine Investment Advisory Services Inc. boosted its position in Ryanair by 1,715.1% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 962 shares of the transportation company’s stock valued at $100,000 after buying an additional 909 shares during the period. Cornerstone Advisors Inc. boosted its position in Ryanair by 1,350.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,088 shares of the transportation company’s stock valued at $113,000 after buying an additional 1,013 shares during the period. US Bancorp DE boosted its position in Ryanair by 168.2% in the 4th quarter. US Bancorp DE now owns 1,172 shares of the transportation company’s stock valued at $122,000 after buying an additional 735 shares during the period. Quantbot Technologies LP purchased a new position in Ryanair in the 3rd quarter valued at approximately $151,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Ryanair in the 3rd quarter valued at approximately $235,000. 41.97% of the stock is owned by hedge funds and other institutional investors.
RYAAY has been the subject of several recent research reports. Citigroup initiated coverage on shares of Ryanair in a research report on Monday, November 20th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Ryanair from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Sanford C. Bernstein raised shares of Ryanair from an “underperform” rating to a “market perform” rating in a research report on Monday, January 8th. BidaskClub cut shares of Ryanair from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, ValuEngine cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $96.00.
Ryanair announced that its Board of Directors has authorized a share buyback plan on Monday, February 5th that permits the company to repurchase outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are 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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