Cambiar Investors LLC Makes New Investment 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 shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the 1st quarter, according to the company in 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 about 0.05% of Ryanair at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RYAAY. Cambridge Investment Research Advisors Inc. lifted its position in Ryanair by 26.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock valued at $327,000 after buying an additional 1,621 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Ryanair by 1,190.3% in the first quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock valued at $249,000 after buying an additional 5,380 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Ryanair by 19.9% in the first quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock valued at $22,310,000 after buying an additional 87,532 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after buying an additional 481 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Ryanair by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company's stock worth $343,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Stock Up 0.6%

Ryanair stock traded up $0.40 during mid-day trading on Tuesday, hitting $66.08. The company had a trading volume of 1,362,126 shares, compared to its average volume of 1,382,106. The stock has a market cap of $35.04 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.08 and a beta of 1.36. Ryanair Holdings PLC has a 1 year low of $38.52 and a 1 year high of $67.18. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $59.98 and a 200 day moving average of $52.14.

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

Ryanair Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be given a $0.534 dividend. This is a positive change from Ryanair's previous -- dividend of $0.47. The ex-dividend date is Friday, September 12th. This represents a yield of 120.0%. Ryanair's payout ratio is 14.55%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RYAAY shares. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, Ryanair presently has an average rating of "Buy" and an average price target of $111.50.

Ryanair Profile

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.