JPMorgan Chase & Co. Increases Stock Holdings in Ryanair Holdings PLC $RYAAY

Key Points

• JPMorgan Chase increased its stake in Ryanair by 13.4% in Q3, bringing its holding to 3,176,538 shares worth about $191.3 million (roughly 0.60% of the company).
• Ryanair reported beating quarterly expectations with $0.26 EPS vs. $0.18 estimated and $3.77 billion in revenue vs. $3.16 billion, and recently paid a special dividend of $0.4545 per share.
• Analysts carry a consensus rating of "Moderate Buy" with a $75.67 average target, though individual broker opinions range from Hold to Outperform.

JPMorgan Chase & Co. increased its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 13.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,176,538 shares of the transportation company's stock after purchasing an additional 376,145 shares during the period. JPMorgan Chase & Co. owned 0.60% of Ryanair worth $191,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RYAAY. USA Financial Formulas acquired a new stake in shares of Ryanair during the third quarter worth $26,000. CIBC Private Wealth Group LLC raised its holdings in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company's stock valued at $28,000 after buying an additional 348 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in shares of Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock valued at $29,000 after acquiring an additional 209 shares during the period. UMB Bank n.a. boosted its position in shares of Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company's stock worth $33,000 after buying an additional 497 shares during the period. Finally, Wealth Preservation Advisors LLC purchased a new position in Ryanair in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 43.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RYAAY shares. Wall Street Zen downgraded Ryanair from a "buy" rating to a "hold" rating in a report on Sunday, January 25th. Evercore raised shares of Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Ryanair in a report on Thursday, January 15th. Morgan Stanley reissued an "overweight" rating on shares of Ryanair in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.67.

Ryanair Stock Down 0.9%

Ryanair stock opened at $61.55 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $74.24. The firm's 50 day moving average price is $67.04 and its two-hundred day moving average price is $65.04. The firm has a market cap of $32.21 billion, a PE ratio of 12.36, a P/E/G ratio of 0.59 and a beta of 1.22.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. On average, research analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th were issued a dividend of $0.4545 per share. The ex-dividend date of this dividend was Friday, January 16th. Ryanair's dividend payout ratio (DPR) is presently 14.26%.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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