ABC Arbitrage SA Grows Stock Position in Ryanair Holdings PLC (NASDAQ:RYAAY)

Key Points

• ABC Arbitrage SA increased its stake in Ryanair Holdings PLC by 67.5%, acquiring 14,411 additional shares during the first quarter, bringing its total holdings to 35,750 shares valued at $1.515 million.
• Ryanair's earnings for the last quarter were reported at $1.74 per share, exceeding expectations, with a total revenue of $5.07 billion.
• The company is set to increase its dividend to $0.534 per share, marking a 120.0% yield for shareholders of record on August 8th.

ABC Arbitrage SA grew its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 67.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,750 shares of the transportation company's stock after buying an additional 14,411 shares during the quarter. ABC Arbitrage SA's holdings in Ryanair were worth $1,515,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RYAAY. Cambridge Investment Research Advisors Inc. lifted its stake in Ryanair by 26.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock worth $327,000 after purchasing an additional 1,621 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Ryanair by 1,190.3% during the first quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock worth $249,000 after purchasing an additional 5,380 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Ryanair by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock worth $22,310,000 after buying an additional 87,532 shares during the period. Golden State Wealth Management LLC increased its position in Ryanair by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after buying an additional 481 shares during the period. Finally, Bessemer Group Inc. increased its position in Ryanair by 351.1% during the first quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock worth $816,000 after buying an additional 14,980 shares during the period. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Price Performance

RYAAY stock traded down $0.39 on Friday, reaching $64.41. 757,796 shares of the company's stock were exchanged, compared to its average volume of 1,632,734. The stock has a fifty day moving average of $58.72 and a 200-day moving average of $51.17. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $65.10. The firm has a market cap of $34.18 billion, a PE ratio of 15.12, a P/E/G ratio of 1.07 and a beta of 1.36. 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 (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.25. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. As a group, equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The firm 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. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 120.0%. This is a boost from Ryanair's previous -- dividend of $0.47. Ryanair's payout ratio is presently 23.47%.

Analyst Ratings Changes

Several research analysts have commented on the company. Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Citigroup reissued a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen raised Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 target price (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.