American Century Companies Inc. Invests $248,000 in Ryanair Holdings PLC $RYAAY

Key Points

• American Century Companies Inc. has acquired a new position in Ryanair Holdings PLC, purchasing 5,859 shares valued at approximately $248,000.
• Analysts have maintained a positive outlook for Ryanair, with multiple firms issuing "buy" or "strong-buy" ratings and setting an average price target of $76.00.
• Ryanair recently announced an increase in its special dividend from $0.47 to $0.534, reflecting a yield of 120.0%, to be paid on September 25th.

American Century Companies Inc. bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,859 shares of the transportation company's stock, valued at approximately $248,000.

Other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of 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 in the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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 purchasing an additional 87,532 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of 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 purchasing an additional 481 shares in 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. 43.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup restated a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Raymond James Financial restated a "strong-buy" rating and issued a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Zacks Research upgraded shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $76.00.

Ryanair Price Performance

Shares of RYAAY opened at $60.51 on Friday. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.72 and a beta of 1.37. 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 debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50-day moving average is $61.92 and its 200-day moving average is $53.73.

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

Ryanair Increases Dividend

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

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.

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