Capital International Investors Buys 1,002,457 Shares of Ryanair Holdings PLC $RYAAY

Capital International Investors boosted its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 2.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,465,187 shares of the transportation company’s stock after acquiring an additional 1,002,457 shares during the quarter. Capital International Investors owned about 0.07% of Ryanair worth $2,250,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Ryanair during the third quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Ryanair by 250.9% in the second quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Ryanair during the second quarter valued at about $39,000. Finally, Global Retirement Partners LLC increased its position in shares of Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Ryanair Price Performance

NASDAQ RYAAY opened at $63.05 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The company has a market cap of $33.06 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24. The firm’s 50-day simple moving average is $68.26 and its two-hundred day simple moving average is $65.14.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Announces Dividend

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

Ryanair Company 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.