Cambiar Investors LLC Takes $11.79 Million Position in Ryanair Holdings PLC $RYAAY

Key Points

• Cambiar Investors LLC has acquired 278,150 shares of Ryanair Holdings PLC, valued at approximately $11.8 million, during the first quarter, bringing its ownership to 0.05% of the company.
• Several large institutional investors have also increased their stakes, including Bank of Montreal and Mariner LLC, indicating growing confidence in Ryanair's stock.
• Ryanair reported strong earnings of $1.74 per share for the last quarter, exceeding estimates, and recently announced a dividend increase to $0.534 per share, reflecting a yield of 120.0%.

Cambiar Investors LLC purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 278,150 shares of the transportation company's stock, valued at approximately $11,785,000. Cambiar Investors LLC owned 0.05% of Ryanair as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of Ryanair by 117.3% in the fourth quarter. Bank of Montreal Can now owns 24,283 shares of the transportation company's stock valued at $1,058,000 after purchasing an additional 13,108 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Ryanair by 2.7% in the fourth quarter. Legal & General Group Plc now owns 152,194 shares of the transportation company's stock valued at $6,634,000 after purchasing an additional 3,930 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ryanair in the fourth quarter valued at approximately $18,445,000. Mariner LLC grew its holdings in shares of Ryanair by 69.0% in the fourth quarter. Mariner LLC now owns 12,856 shares of the transportation company's stock valued at $561,000 after purchasing an additional 5,247 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Ryanair in the fourth quarter valued at approximately $1,174,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Up 2.2%

NASDAQ RYAAY traded up $1.41 on Friday, hitting $66.54. 255,128 shares of the stock were exchanged, compared to its average volume of 1,540,014. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $67.18. The company has a market cap of $35.29 billion, a PE ratio of 15.62, a PEG ratio of 1.08 and a beta of 1.36. The company has a 50-day moving average price of $60.31 and a 200-day moving average price of $52.36.

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

Ryanair Increases Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be issued a $0.534 dividend. This represents a dividend yield of 120.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Ryanair's previous -- dividend of $0.47. Ryanair's dividend payout ratio (DPR) is currently 23.47%.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of a number of research reports. Wall Street Zen upgraded shares of Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Raymond James Financial restated a "strong-buy" rating and issued a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to MarketBeat.com, Ryanair presently has a consensus rating of "Buy" and a consensus price target 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.