Raymond James Financial Inc. increased its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 17.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 498,824 shares of the transportation company's stock after purchasing an additional 75,666 shares during the period. Raymond James Financial Inc. owned 0.09% of Ryanair worth $21,135,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in RYAAY. Mariner LLC lifted its holdings in Ryanair by 69.0% during the 4th quarter. Mariner LLC now owns 12,856 shares of the transportation company's stock worth $561,000 after purchasing an additional 5,247 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Ryanair by 6.2% during the 4th quarter. NewEdge Advisors LLC now owns 6,782 shares of the transportation company's stock worth $296,000 after purchasing an additional 394 shares in the last quarter. MML Investors Services LLC grew its position in Ryanair by 4.0% during the fourth quarter. MML Investors Services LLC now owns 27,996 shares of the transportation company's stock worth $1,220,000 after buying an additional 1,068 shares in the last quarter. Stifel Financial Corp raised its position in Ryanair by 6.4% during the fourth quarter. Stifel Financial Corp now owns 54,949 shares of the transportation company's stock valued at $2,395,000 after purchasing an additional 3,293 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Ryanair during the fourth quarter valued at about $2,635,000. Hedge funds and other institutional investors own 43.66% of the company's stock.
Ryanair Stock Up 0.3%
Ryanair stock traded up $0.19 during trading hours on Friday, hitting $63.47. 621,771 shares of the stock traded hands, compared to its average volume of 976,125. The firm's 50-day moving average price is $61.43 and its two-hundred day moving average price is $53.17. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The company has a market cap of $33.66 billion, a PE ratio of 14.90, a PEG ratio of 1.05 and a beta of 1.36. Ryanair Holdings PLC has a one year low of $38.52 and a one year high of $67.18.
Ryanair (NASDAQ:RYAAY - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.
Ryanair Increases Dividend
The business also recently declared a special dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be given a $0.534 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 120.0%. This is a boost from Ryanair's previous special dividend of $0.47. Ryanair's payout ratio is presently 23.47%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on RYAAY shares. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Raymond James Financial restated a "strong-buy" rating and set a $76.00 price target (up from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, Ryanair currently has an average rating of "Buy" and a consensus target price of $76.00.
Read Our Latest Analysis 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.
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