Bank of Montreal Can Has $36.86 Million Stake in Ryanair Holdings plc (RYAAY)

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Bank of Montreal Can lowered its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 383,820 shares of the transportation company’s stock after selling 37,263 shares during the quarter. Bank of Montreal Can owned about 0.16% of Ryanair worth $36,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. raised its position in Ryanair by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 5,936,962 shares of the transportation company’s stock valued at $678,179,000 after buying an additional 133,294 shares during the last quarter. WCM Investment Management CA increased its holdings in Ryanair by 3.9% in the 2nd quarter. WCM Investment Management CA now owns 3,866,003 shares of the transportation company’s stock worth $441,614,000 after acquiring an additional 146,752 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Ryanair by 14.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,539,197 shares of the transportation company’s stock worth $290,053,000 after acquiring an additional 321,859 shares during the last quarter. BlackRock Inc. increased its holdings in Ryanair by 0.6% in the 1st quarter. BlackRock Inc. now owns 979,342 shares of the transportation company’s stock worth $120,313,000 after acquiring an additional 5,935 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Ryanair by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 561,841 shares of the transportation company’s stock worth $64,178,000 after purchasing an additional 15,020 shares during the period. 44.02% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair stock traded down $0.16 during mid-day trading on Friday, reaching $88.14. 262,909 shares of the stock traded hands, compared to its average volume of 763,810. The stock has a market cap of $20.72 billion, a PE ratio of 12.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.25 and a current ratio of 1.25. Ryanair Holdings plc has a 12-month low of $77.96 and a 12-month high of $127.61.

Several research analysts have commented on the company. ValuEngine downgraded Ryanair from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. BidaskClub downgraded Ryanair from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Raymond James downgraded Ryanair from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 9th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, August 16th. Finally, UBS Group reissued a “buy” rating on shares of Ryanair in a research note on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $138.00.

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Ryanair Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website.

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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