Scientech Research LLC Acquires 6,187 Shares of Ryanair Holdings PLC $RYAAY

Key Points

• Scientech Research LLC increased its holdings in Ryanair Holdings PLC by 31.8%, acquiring an additional 6,187 shares, bringing its total to 25,615 shares valued at approximately $1,085,000.
• A number of analysts have upgraded their ratings for Ryanair, with Zacks Research raising it from "hold" to "strong-buy," and the stock currently holds an average rating of "Buy" with a consensus target price of $76.00.
• Ryanair announced a special dividend of $0.534, representing a yield of 120.0%, which is an increase from the previous special dividend of $0.47, with the payment date set for September 25th.

Scientech Research LLC raised its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 31.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,615 shares of the transportation company's stock after purchasing an additional 6,187 shares during the period. Scientech Research LLC's holdings in Ryanair were worth $1,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RYAAY. Avantax Advisory Services Inc. grew its stake in shares of Ryanair by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company's stock valued at $343,000 after acquiring an additional 206 shares during the period. Vident Advisory LLC lifted 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 valued at $436,000 after purchasing an additional 230 shares in the last quarter. SG Americas Securities LLC lifted 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 valued at $3,635,000 after purchasing an additional 240 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ryanair by 13.2% in the first quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock worth $97,000 after purchasing an additional 265 shares during the period. Finally, CWM LLC increased its stake in shares of Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Price Performance

RYAAY stock traded down $0.89 during trading on Friday, hitting $58.54. 682,181 shares of the company's stock traded hands, compared to its average volume of 1,495,202. The business has a fifty day simple moving average of $62.05 and a 200 day simple moving average of $54.07. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week 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. The stock has a market capitalization of $31.05 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.70 and a beta of 1.37.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.25. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. As a group, research analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The business also recently declared a special dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be given a $0.534 dividend. This is a boost from Ryanair's previous special dividend of $0.47. The ex-dividend date is Friday, September 12th. Ryanair's dividend payout ratio is 14.55%.

Analyst Ratings Changes

A number of research analysts recently weighed in on RYAAY shares. The Goldman Sachs Group cut shares of Ryanair from a "buy" rating to a "neutral" rating in a research note on Monday. Raymond James Financial restated a "strong-buy" rating and issued a $76.00 price objective (up from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a report on Wednesday, May 21st. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Finally, Zacks Research raised shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Ryanair has an average rating of "Buy" and an average price target of $76.00.

Ryanair Company 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.