Bank of America Corp DE decreased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY – Get Rating) by 14.7% during the first quarter, HoldingsChannel reports. The fund owned 1,108,027 shares of the transportation company's stock after selling 190,341 shares during the quarter. Bank of America Corp DE's holdings in Ryanair were worth $96,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RYAAY. Capital International Investors boosted its holdings in Ryanair by 18.0% in the 1st quarter. Capital International Investors now owns 11,270,188 shares of the transportation company's stock valued at $981,539,000 after purchasing an additional 1,722,195 shares during the period. Lazard Asset Management LLC grew its position in Ryanair by 11.8% during the first quarter. Lazard Asset Management LLC now owns 5,787,913 shares of the transportation company's stock worth $504,242,000 after buying an additional 612,114 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ryanair by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,998,270 shares of the transportation company's stock worth $783,929,000 after acquiring an additional 532,961 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Ryanair by 27.5% in the 1st quarter. Royal Bank of Canada now owns 2,038,087 shares of the transportation company's stock valued at $177,557,000 after acquiring an additional 439,740 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Ryanair by 13.1% during the 1st quarter. William Blair Investment Management LLC now owns 2,923,790 shares of the transportation company's stock valued at $254,669,000 after acquiring an additional 338,051 shares during the last quarter. Hedge funds and other institutional investors own 43.70% of the company's stock.

Wall Street Analyst Weigh In

RYAAY has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Ryanair from €19.20 ($19.59) to €21.00 ($21.43) in a research report on Wednesday, August 10th. Raymond James decreased their price target on shares of Ryanair from $125.00 to $112.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 5th. Stifel Nicolaus downgraded shares of Ryanair from a "hold" rating to a "sell" rating in a report on Wednesday, September 14th. Finally, JPMorgan Chase & Co. increased their target price on Ryanair from €19.00 ($19.39) to €19.20 ($19.59) and gave the company an "overweight" rating in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Ryanair currently has a consensus rating of "Moderate Buy" and an average target price of $49.78.

Ryanair Stock Down 2.9 %

Ryanair (NASDAQ:RYAAY – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The transportation company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. Ryanair had a return on equity of 1.85% and a net margin of 3.13%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.73 billion. On average, equities analysts expect that Ryanair Holdings plc will post 5.43 EPS for the current year.

Ryanair Profile

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Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, Germany, and other European countries. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services; in-flight sale of beverages, food, duty-free, and merchandise; and marketing of car hire and accommodation services, and travel insurance through its website and mobile app.

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