Y Intercept Hong Kong Ltd Buys New Shares in Ryanair Holdings PLC $RYAAY

Y Intercept Hong Kong Ltd bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the third quarter, HoldingsChannel.com reports. The firm bought 48,489 shares of the transportation company’s stock, valued at approximately $2,920,000.

A number of other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ryanair by 23.8% during the second quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after acquiring an additional 539,256 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Ryanair by 43.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after acquiring an additional 428,932 shares during the last quarter. Ovata Capital Management Ltd bought a new stake in Ryanair in the 2nd quarter valued at $24,705,000. Finally, HBK Investments L P purchased a new stake in Ryanair in the 2nd quarter worth $24,442,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RYAAY has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.00.

Ryanair Trading Down 0.2%

RYAAY stock opened at $68.85 on Tuesday. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $74.24. The firm’s 50-day moving average is $69.18 and its 200 day moving average is $64.25. The company has a market capitalization of $36.15 billion, a PE ratio of 13.26, a P/E/G ratio of 0.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.62 by $0.14. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $5.44 billion. Ryanair had a return on equity of 31.32% and a net margin of 16.29%. On average, research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio is presently 13.46%.

Ryanair 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.