Mitsubishi UFJ Asset Management Co. Ltd. Reduces Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,083 shares of the transportation company’s stock after selling 350 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ryanair were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new position in shares of Ryanair in the third quarter worth about $494,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Ryanair by 13.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,607 shares of the transportation company’s stock valued at $1,128,000 after buying an additional 1,338 shares in the last quarter. M&T Bank Corp raised its holdings in Ryanair by 7.4% during the 3rd quarter. M&T Bank Corp now owns 3,483 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 241 shares during the period. Lincoln National Corp purchased a new stake in shares of Ryanair during the third quarter worth $320,000. Finally, CQS US LLC bought a new position in shares of Ryanair in the third quarter worth $336,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Trading Up 1.3 %

Shares of RYAAY stock opened at $123.39 on Thursday. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The business’s fifty day moving average is $138.60 and its 200 day moving average is $132.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 0.91. The company has a market capitalization of $28.13 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.37 and a beta of 1.59.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their price objective on Ryanair from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Ryanair Profile

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.