Ryanair Holdings PLC $RYAAY Stock Position Reduced by Ovata Capital Management Ltd

Key Points

• Ovata Capital cut its stake by 36.8% in Q3, selling 157,463 shares and leaving it with 270,592 Ryanair shares (about 3.2% of Ovata's holdings), worth roughly $16.24 million and representing 0.05% of Ryanair.
• Ryanair beat quarterly estimates, reporting EPS of $0.26 vs. $0.18 expected and revenue of $3.77B vs. $3.16B, with strong profitability (ROE 29.76%, net margin 15.04%), and it paid a special dividend of $0.4545 per share on March 4.
• Analysts hold a consensus rating of Moderate Buy with a $75.67 price target; the stock opened at $61.55, has a $32.21B market cap and a 52-week range of $38.52–$74.24.

Ovata Capital Management Ltd lessened its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 36.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,592 shares of the transportation company's stock after selling 157,463 shares during the period. Ryanair accounts for approximately 3.2% of Ovata Capital Management Ltd's holdings, making the stock its 10th biggest position. Ovata Capital Management Ltd owned 0.05% of Ryanair worth $16,237,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. USA Financial Formulas bought a new position in Ryanair during the third quarter valued at approximately $26,000. Pin Oak Investment Advisors Inc. increased its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock worth $29,000 after acquiring an additional 209 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company's stock worth $33,000 after acquiring an additional 497 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Ryanair during the 2nd quarter worth approximately $39,000. Finally, Global Retirement Partners LLC boosted its position in shares of Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company's stock valued at $41,000 after acquiring an additional 277 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Performance

NASDAQ RYAAY opened at $61.55 on Wednesday. The business's 50 day moving average price is $67.04 and its 200-day moving average price is $65.04. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $74.24. The company has a market cap of $32.21 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.59 and a beta of 1.22. 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 (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Sell-side analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, January 16th were paid a dividend of $0.4545 per share. The ex-dividend date of this dividend was Friday, January 16th. Ryanair's payout ratio is currently 14.26%.

Analysts Set New Price Targets

RYAAY has been the subject of a number of recent research reports. Morgan Stanley reissued an "overweight" rating on shares of Ryanair in a report on Tuesday, January 27th. Zacks Research lowered shares of Ryanair from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Weiss Ratings cut shares of Ryanair from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a report on Sunday, January 25th. Finally, Evercore upgraded shares of Ryanair from an "in-line" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ryanair currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.67.

Ryanair Profile

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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