Zions Bancorporation National Association UT Invests $1.19 Million in Ryanair Holdings PLC (NASDAQ:RYAAY)

Key Points

• Zions Bancorporation National Association UT has invested $1.19 million in Ryanair Holdings PLC by acquiring 28,030 shares in the first quarter.
• Several hedge funds, including Cambridge Investment Research Advisors and Farther Finance Advisors, have significantly increased their holdings in Ryanair, indicating strong interest from institutional investors.
• Ryanair recently declared a dividend increase to $0.534 per share, reflecting a positive change from its previous dividend of $0.47, with a payout ratio of 23.47%.

Zions Bancorporation National Association UT acquired a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,030 shares of the transportation company's stock, valued at approximately $1,188,000.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Ryanair by 26.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock valued at $327,000 after purchasing an additional 1,621 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Ryanair by 1,190.3% in the first quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock valued at $249,000 after purchasing an additional 5,380 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Ryanair by 19.9% in the first quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock valued at $22,310,000 after purchasing an additional 87,532 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after purchasing an additional 481 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Ryanair by 2.6% in 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. Institutional investors and hedge funds own 43.66% of the company's stock.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of a number of recent research reports. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Six analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ryanair currently has a consensus rating of "Buy" and a consensus price target of $111.50.

Ryanair Trading Down 0.6%

Shares of NASDAQ RYAAY opened at $64.41 on Friday. The company's fifty day moving average is $58.72 and its 200-day moving average is $51.22. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.06 and a beta of 1.36. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $65.10. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced 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. The company had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. Equities research analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.534 per share. This is a positive change from Ryanair's previous -- dividend of $0.47. This represents a dividend yield of 120.0%. The ex-dividend date of this dividend is Friday, September 12th. Ryanair's payout ratio is 23.47%.

About Ryanair

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.

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