Cetera Investment Advisers Increases Stake in Ryanair Holdings PLC (NASDAQ:RYAAY)

Cetera Investment Advisers grew its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,481 shares of the transportation company's stock after purchasing an additional 4,909 shares during the quarter. Cetera Investment Advisers' holdings in Ryanair were worth $783,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Golden State Wealth Management LLC raised its position in shares of Ryanair by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after acquiring an additional 481 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryanair in the 1st quarter valued at approximately $48,000. CWM LLC raised its position in shares of Ryanair by 39.8% in the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company's stock valued at $50,000 after acquiring an additional 339 shares during the period. GAMMA Investing LLC raised its position in shares of Ryanair by 13.2% in the 1st quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock valued at $97,000 after acquiring an additional 265 shares during the period. Finally, State of Wyoming raised its holdings in Ryanair by 27.7% during the 4th quarter. State of Wyoming now owns 4,565 shares of the transportation company's stock worth $199,000 after buying an additional 990 shares during the period. Institutional investors own 43.66% of the company's stock.

Analysts Set New Price Targets

RYAAY has been the subject of several research reports. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Citigroup reissued a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $111.50.

Ryanair Trading Up 1.2%

Shares of Ryanair stock traded up $0.79 on Friday, reaching $66.63. 1,410,260 shares of the company's stock were exchanged, compared to its average volume of 1,524,415. The company has a market capitalization of $35.33 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $67.18. The firm's 50-day moving average is $59.65 and its two-hundred day moving average is $51.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) 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 analysts' expectations of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Sell-side analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.534 per share. This represents a dividend yield of 120.0%. The ex-dividend date is Friday, September 12th. This is a positive change from Ryanair's previous -- dividend of $0.47. Ryanair's dividend payout ratio (DPR) is presently 14.55%.

Ryanair Company 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.