Northwestern Mutual Wealth Management Co. Acquires 2,789,240 Shares of Ryanair Holdings PLC $RYAAY

Northwestern Mutual Wealth Management Co. increased its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 645,657.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,789,672 shares of the transportation company’s stock after purchasing an additional 2,789,240 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.53% of Ryanair worth $201,386,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its position in Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares during the last quarter. UMB Bank n.a. boosted its position in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 497 shares during the last quarter. Wexford Capital LP bought a new stake in Ryanair during the third quarter valued at $55,000. Finally, Smartleaf Asset Management LLC boosted its position in Ryanair by 234.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 741 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RYAAY. Evercore raised shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, March 12th. Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Zacks Research cut shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ryanair has an average rating of “Moderate Buy” and an average price target of $75.67.

Ryanair Price Performance

RYAAY stock opened at $53.36 on Friday. The stock has a market capitalization of $27.79 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company’s 50-day moving average is $59.22 and its 200-day moving average is $64.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. Ryanair Holdings PLC has a 1 year low of $49.92 and a 1 year high of $74.24.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.