18,948 Shares in Ryanair Holdings PLC (NASDAQ:RYAAY) Acquired by Persistent Asset Partners Ltd

Key Points

• Persistent Asset Partners Ltd recently acquired 18,948 shares of Ryanair Holdings PLC, valued at approximately $803,000, as part of its investment strategy.
• Ryanair reported an EPS of $1.74 for the last quarter, exceeding analyst expectations, and generated revenues of $5.07 billion compared to a forecast of $4.16 billion.
• The company has declared a dividend increase to $0.534 per share, reflecting a dividend yield of 120% and a payout ratio of 23.47%.

Persistent Asset Partners Ltd purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,948 shares of the transportation company's stock, valued at approximately $803,000.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of Ryanair by 7.8% in the first quarter. HighTower Advisors LLC now owns 14,577 shares of the transportation company's stock worth $618,000 after buying an additional 1,060 shares during the last quarter. Eagle Global Advisors LLC lifted its stake in shares of Ryanair by 172.0% in the first quarter. Eagle Global Advisors LLC now owns 68,000 shares of the transportation company's stock worth $2,881,000 after buying an additional 43,000 shares during the last quarter. AIA Group Ltd lifted its stake in shares of Ryanair by 58.5% in the first quarter. AIA Group Ltd now owns 99,464 shares of the transportation company's stock worth $4,214,000 after buying an additional 36,720 shares during the last quarter. SouthState Corp acquired a new stake in shares of Ryanair in the first quarter worth $424,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Ryanair in the first quarter worth $238,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $63.67 on Tuesday. The company has a market capitalization of $33.76 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.06 and a beta of 1.36. The firm's 50 day simple moving average is $58.85 and its 200 day simple moving average is $51.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $65.10.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.49 by $0.25. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. As a group, sell-side analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.534 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 120.0%. This is an increase from Ryanair's previous -- dividend of $0.47. Ryanair's dividend payout ratio (DPR) is 23.47%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Six equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $111.50.

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.

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