OLD National Bancorp IN increased its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 71.5% in the fourth quarter, Holdings Channel reports. The firm owned 5,410 shares of the transportation company’s stock after buying an additional 2,256 shares during the period. OLD National Bancorp IN’s holdings in Ryanair were worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its stake in shares of Ryanair by 0.3% during the 3rd quarter. Capital International Investors now owns 4,450,328 shares of the transportation company’s stock worth $469,154,000 after purchasing an additional 12,553 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Ryanair during the 3rd quarter worth $255,000. Capital Bank & Trust Co lifted its stake in shares of Ryanair by 33.3% during the 3rd quarter. Capital Bank & Trust Co now owns 297,171 shares of the transportation company’s stock worth $31,328,000 after purchasing an additional 74,268 shares during the last quarter. Voya Investment Management LLC purchased a new stake in shares of Ryanair during the 2nd quarter worth $313,000. Finally, AXA purchased a new stake in shares of Ryanair during the 3rd quarter worth $35,271,000. Hedge funds and other institutional investors own 41.97% of the company’s stock.

A number of equities research analysts have commented on the company. BidaskClub upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. UBS Group upgraded Ryanair from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Citigroup assumed coverage on Ryanair in a research note on Monday, November 20th. They issued a “buy” rating for the company. ValuEngine upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded Ryanair from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $96.00.

Ryanair Holdings PLC (NASDAQ RYAAY) opened at $120.84 on Thursday. The firm has a market capitalization of $27,654.63, a PE ratio of 17.51, a PEG ratio of 0.93 and a beta of 0.67. Ryanair Holdings PLC has a 1-year low of $78.35 and a 1-year high of $127.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.77.

Ryanair announced that its board has approved a stock repurchase program on Monday, February 5th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Ryanair Company Profile

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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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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