Ryanair (NASDAQ:RYAAY) Shares Gap Down to $141.34

Ryanair Holdings plc (NASDAQ:RYAAY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $141.34, but opened at $133.09. Ryanair shares last traded at $133.22, with a volume of 97,466 shares.

Analyst Ratings Changes

Separately, Evercore ISI increased their price objective on shares of Ryanair from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.50.

Ryanair Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $29.37 billion, a PE ratio of 13.41, a PEG ratio of 0.71 and a beta of 1.59. The company’s 50-day simple moving average is $141.53 and its 200 day simple moving average is $129.19.

Hedge Funds Weigh In On Ryanair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Ryanair by 44.9% in the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Ryanair by 4.8% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,840 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 85 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Ryanair by 3.3% in the 3rd quarter. Gallacher Capital Management LLC now owns 4,043 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 128 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Ryanair by 25.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 187 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Ryanair by 2.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,795 shares of the transportation company’s stock worth $1,280,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

About Ryanair

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.