ABC Arbitrage SA raised its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 67.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,750 shares of the transportation company's stock after buying an additional 14,411 shares during the period. ABC Arbitrage SA's holdings in Ryanair were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in Ryanair by 198.6% during the 4th quarter. National Bank of Canada FI now owns 657 shares of the transportation company's stock worth $29,000 after acquiring an additional 437 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares during the last quarter. Redwood Park Advisors LLC acquired a new position in shares of Ryanair during the fourth quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryanair in the first quarter valued at $48,000. Finally, CWM LLC raised its stake in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock valued at $50,000 after buying an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.
Ryanair Stock Performance
Shares of RYAAY traded up $0.19 during mid-day trading on Thursday, reaching $64.80. 974,704 shares of the company's stock were exchanged, compared to its average volume of 1,686,018. The business's fifty day simple moving average is $58.37 and its 200-day simple moving average is $50.87. The stock has a market capitalization of $34.39 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $64.99. 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 (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, equities research analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.
Ryanair Increases Dividend
The business also recently declared 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 boost 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 presently 23.47%.
Wall Street Analyst Weigh In
RYAAY has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research 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. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Citigroup restated a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Six analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $111.50.
Check Out Our Latest Stock Analysis on RYAAY
About Ryanair
(
Free Report)
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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