Ashton Thomas Private Wealth LLC bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,471 shares of the transportation company's stock, valued at approximately $994,000.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of Ryanair in the first quarter worth $118,071,000. Massachusetts Financial Services Co. MA boosted its holdings in Ryanair by 4.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company's stock worth $1,242,480,000 after buying an additional 1,233,059 shares during the period. Goldman Sachs Group Inc. increased its stake in Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company's stock worth $42,041,000 after buying an additional 861,361 shares in the last quarter. Cambiar Investors LLC bought a new stake in Ryanair during the first quarter valued at about $11,785,000. Finally, Ninety One UK Ltd bought a new stake in Ryanair during the first quarter valued at about $11,761,000. Hedge funds and other institutional investors own 43.66% of the company's stock.
Ryanair Stock Performance
NASDAQ RYAAY opened at $58.77 on Thursday. 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 Holdings PLC has a 1-year low of $38.52 and a 1-year high of $67.18. The business has a 50 day simple moving average of $62.01 and a two-hundred day simple moving average of $53.97. The stock has a market capitalization of $31.17 billion, a PE ratio of 13.80, a P/E/G ratio of 0.71 and a beta of 1.37.
Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The business had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. On average, research 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 special dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, August 8th will be given a dividend of $0.534 per share. This represents a yield of 120.0%. This is an increase from Ryanair's previous special dividend of $0.47. The ex-dividend date is Friday, September 12th. Ryanair's dividend payout ratio (DPR) is 14.55%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on RYAAY shares. The Goldman Sachs Group lowered Ryanair from a "buy" rating to a "neutral" rating in a research note on Monday. Wall Street Zen raised Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $76.00 price objective (up from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.00.
Check Out Our Latest Stock Report on Ryanair
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.
See Also
Want to see what other hedge funds are holding RYAAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report).
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