Invesco Ltd. Has $4.82 Million Holdings in Ryanair Holdings PLC $RYAAY

Key Points

• Invesco Ltd. reduced its holdings in Ryanair by 85.3%, selling 659,029 shares during the first quarter, leaving them with 113,654 shares valued at approximately $4.8 million.
• Multiple institutions, including Mariner LLC and Northern Trust Corp, increased their stakes in Ryanair, with Northern Trust Corp boosting its ownership by 231%.
• Ryanair reported a net margin of 14.42% and a revenue of <$5.07 billion>, surpassing analysts' expectations, alongside declaring a dividend increase to $0.534 per share.

Invesco Ltd. reduced its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 85.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,654 shares of the transportation company's stock after selling 659,029 shares during the quarter. Invesco Ltd.'s holdings in Ryanair were worth $4,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. raised its stake 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 valued at $343,000 after purchasing an additional 206 shares in the last quarter. Vident Advisory LLC grew its holdings in Ryanair by 2.4% during the fourth quarter. Vident Advisory LLC now owns 10,006 shares of the transportation company's stock worth $436,000 after acquiring an additional 230 shares during the period. SG Americas Securities LLC grew its holdings in Ryanair by 0.3% during the first quarter. SG Americas Securities LLC now owns 85,781 shares of the transportation company's stock worth $3,635,000 after acquiring an additional 240 shares during the period. GAMMA Investing LLC grew its holdings in Ryanair by 13.2% during the first quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock worth $97,000 after acquiring an additional 265 shares during the period. Finally, CWM LLC grew its holdings in Ryanair by 39.8% during the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after acquiring an additional 339 shares during the period. 43.66% of the stock is currently owned by institutional investors.

Ryanair Trading Up 0.3%

RYAAY traded up $0.19 during trading on Monday, reaching $63.47. The company had a trading volume of 621,771 shares, compared to its average volume of 938,900. The firm's 50-day simple moving average is $61.43 and its 200 day simple moving average is $53.22. The company has a market cap of $33.66 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.75 and a beta of 1.37. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $67.18. 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 issued its quarterly 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. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The firm had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. Equities research analysts anticipate that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Increases Dividend

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

Analysts Set New Price Targets

RYAAY has been the topic of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. 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 target price (up from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Finally, Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $76.00.

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.