JPMorgan Chase & Co. Has $191.29 Million Holdings in Ryanair Holdings PLC $RYAAY

JPMorgan Chase & Co. grew its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 13.4% in the 3rd quarter, Holdings Channel reports. The fund owned 3,176,538 shares of the transportation company’s stock after purchasing an additional 376,145 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ryanair were worth $191,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RYAAY. Goldman Sachs Group Inc. boosted its holdings in Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after purchasing an additional 861,361 shares during the period. Bleakley Financial Group LLC raised its position in shares of Ryanair by 10.4% during the second quarter. Bleakley Financial Group LLC now owns 29,367 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 2,767 shares during the last quarter. R Squared Ltd bought a new stake in shares of Ryanair in the second quarter valued at about $203,000. Asset Management One Co. Ltd. grew its position in Ryanair by 55.2% during the second quarter. Asset Management One Co. Ltd. now owns 79,784 shares of the transportation company’s stock worth $4,601,000 after buying an additional 28,364 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Ryanair by 17.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 122,810 shares of the transportation company’s stock valued at $7,082,000 after acquiring an additional 18,080 shares during the period. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Ryanair stock opened at $64.47 on Friday. The firm has a market capitalization of $33.85 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.61 and a beta of 1.23. The stock has a fifty day moving average price of $69.83 and a two-hundred day moving average price of $65.13. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. As a group, analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio is currently 14.26%.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 29th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

About Ryanair

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.