Ryanair Holdings PLC $RYAAY Shares Purchased by Ninety One North America Inc.

Key Points

• Ninety One North America increased its Ryanair position by 12.6% in the third quarter, adding 23,048 shares for a total holding of 205,437 shares valued at approximately $11.3 million. Institutional investors own 43.65% of the company.
• Ryanair shares rose 1.2% to $51.94, near their 52-week low of $51.02 and below their 50-day and 200-day moving averages. The stock has a market capitalization of $26.9 billion and a P/E ratio of 12.48.
• The company missed quarterly earnings expectations, reporting EPS of $1.19 versus the $1.37 consensus and revenue of $5 billion versus $5.06 billion expected. Analysts nevertheless maintain a “Moderate Buy” consensus with a $73.97 price target, while Ryanair recently paid a $0.4434 special dividend.

Ninety One North America Inc. increased its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,437 shares of the transportation company's stock after purchasing an additional 23,048 shares during the quarter. Ninety One North America Inc.'s holdings in Ryanair were worth $11,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Advisors MI increased its stake in Ryanair by 4.9% during the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company's stock worth $230,000 after buying an additional 184 shares during the period. RFG Advisory LLC boosted its stake in shares of Ryanair by 5.6% in the 2nd quarter. RFG Advisory LLC now owns 3,788 shares of the transportation company's stock valued at $245,000 after buying an additional 202 shares during the period. IFP Advisors Inc boosted its stake in shares of Ryanair by 48.1% in the 2nd quarter. IFP Advisors Inc now owns 665 shares of the transportation company's stock valued at $43,000 after buying an additional 216 shares during the period. Personal CFO Solutions LLC grew its position in shares of Ryanair by 3.8% during the first quarter. Personal CFO Solutions LLC now owns 6,513 shares of the transportation company's stock worth $376,000 after buying an additional 237 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in shares of Ryanair by 18.9% during the third quarter. Fortitude Family Office LLC now owns 1,495 shares of the transportation company's stock worth $82,000 after buying an additional 238 shares during the period. 43.65% of the stock is currently owned by institutional investors.

Ryanair Trading Up 1.2%

NASDAQ:RYAAY traded up $0.61 during midday trading on Thursday, hitting $51.94. 2,443,676 shares of the company were exchanged, compared to its average volume of 1,483,506. The company has a fifty day simple moving average of $55.34 and a 200 day simple moving average of $58.29. Ryanair Holdings PLC has a fifty-two week low of $51.02 and a fifty-two week high of $74.24. The company has a market capitalization of $26.90 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 4.20 and a beta of 1.19.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.18). The firm had revenue of $5 billion for the quarter, compared to analysts' expectations of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. As a group, equities research analysts expect that Ryanair Holdings PLC will post 3.87 EPS for the current year.

Ryanair Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 7th were given a $0.4434 dividend. Ryanair's dividend payout ratio (DPR) is 28.37%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Ryanair in a report on Tuesday, July 14th. Morgan Stanley assumed coverage on shares of Ryanair in a research report on Friday, August 14th. They issued an "overweight" rating and a $62.90 price objective on the stock. Barclays cut shares of Ryanair from an "overweight" rating to an "equal weight" rating in a research report on Friday, October 9th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.97.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair DAC, Malta Air, Buzz, Lauda and Ryanair UK, the group provides point-to-point air travel connecting cities and regional airports in Europe and selected destinations in North Africa.

The company's core business is the sale of airline tickets, supported by ancillary services such as priority boarding, reserved seating, checked baggage, onboard food and beverages, travel insurance and car-hire or accommodation-related offerings.

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