Ryanair Holdings PLC $RYAAY Shares Purchased by Teewinot Capital Advisers L.L.C.

Key Points

• Teewinot Capital Advisers L.L.C. increased its holdings in Ryanair Holdings PLC by 19.2%, owning a total of 660,077 shares valued at approximately $27.97 million, making Ryanair its 17th largest position.
• Ryanair has received multiple upgrades from analysts, with ratings shifting from "underperform" to "outperform," reflecting positive market sentiment and a consensus target price of $76.00.
• The company recently announced a special dividend of $0.534 per share, increasing from the previous rate of $0.47, resulting in a substantial yield of 120% for shareholders.

Teewinot Capital Advisers L.L.C. grew its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 19.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660,077 shares of the transportation company's stock after purchasing an additional 106,466 shares during the period. Ryanair comprises about 2.9% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 17th biggest position. Teewinot Capital Advisers L.L.C. owned about 0.12% of Ryanair worth $27,967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Scientech Research LLC increased its stake in Ryanair by 31.8% during the first quarter. Scientech Research LLC now owns 25,615 shares of the transportation company's stock worth $1,085,000 after purchasing an additional 6,187 shares during the period. Royal Bank of Canada increased its stake in Ryanair by 7.3% during the first quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company's stock worth $165,630,000 after purchasing an additional 266,343 shares during the period. Baird Financial Group Inc. increased its stake in Ryanair by 30.4% during the first quarter. Baird Financial Group Inc. now owns 994,753 shares of the transportation company's stock worth $42,148,000 after purchasing an additional 232,197 shares during the period. Vident Advisory LLC increased its stake in shares of Ryanair by 21.6% during the first quarter. Vident Advisory LLC now owns 12,171 shares of the transportation company's stock worth $516,000 after buying an additional 2,165 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Ryanair by 6.9% during the first quarter. The Manufacturers Life Insurance Company now owns 796,398 shares of the transportation company's stock worth $33,743,000 after buying an additional 51,278 shares during the period. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RYAAY. Raymond James Financial restated a "strong-buy" rating and set a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. The Goldman Sachs Group cut shares of Ryanair from a "buy" rating to a "neutral" rating in a report on Monday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $76.00.

Ryanair Stock Down 1.6%

Ryanair stock traded down $0.95 during mid-day trading on Wednesday, hitting $58.77. The company had a trading volume of 887,297 shares, compared to its average volume of 1,501,636. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.71 and a beta of 1.37. Ryanair Holdings PLC has a 1 year low of $38.52 and a 1 year high of $67.18. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $62.01 and a 200 day moving average of $53.97.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.25. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. On average, sell-side analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Increases Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be paid a dividend of $0.534 per share. The ex-dividend date is Friday, September 12th. This represents a yield of 120.0%. This is an increase from Ryanair's previous special dividend of $0.47. Ryanair's dividend payout ratio (DPR) is currently 14.55%.

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.