Ryanair Holdings PLC $RYAAY Stock: Ninety One North America Inc. Increases Position

Ninety One North America Inc. raised its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 12.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 205,437 shares of the transportation company’s stock after acquiring an additional 23,048 shares during the period. Ninety One North America Inc.’s holdings in Ryanair were worth $11,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Investment Advisors MI boosted its stake in shares of Ryanair by 4.9% in the first quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock valued at $230,000 after buying an additional 184 shares in the last quarter. RFG Advisory LLC boosted its position in shares of Ryanair by 5.6% in the 2nd quarter. RFG Advisory LLC now owns 3,788 shares of the transportation company’s stock worth $245,000 after buying an additional 202 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Ryanair by 48.1% in the 2nd quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock worth $43,000 after buying an additional 216 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of Ryanair by 3.8% in the 1st quarter. Personal CFO Solutions LLC now owns 6,513 shares of the transportation company’s stock worth $376,000 after buying an additional 237 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in Ryanair by 18.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,495 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 43.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several recent research reports. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 9th. Weiss Ratings cut shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryanair currently has a consensus rating of “Moderate Buy” and an average target price of $73.97.

Ryanair Trading Up 1.2%

Shares of Ryanair stock traded up $0.61 during mid-day trading on Thursday, hitting $51.94. 2,443,676 shares of the stock were exchanged, compared to its average volume of 1,483,506. Ryanair Holdings PLC has a twelve month low of $51.02 and a twelve month high of $74.24. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 4.20 and a beta of 1.19. The company has a 50-day simple moving average of $55.34 and a 200 day simple moving average of $58.29.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Equities research analysts forecast that Ryanair Holdings PLC will post 3.87 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 7th were given a $0.4434 dividend. Ryanair’s dividend payout ratio (DPR) is currently 28.37%.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair DAC, Malta Air, Buzz, Lauda and Ryanair UK, the group provides point-to-point air travel connecting cities and regional airports in Europe and selected destinations in North Africa.

The company’s core business is the sale of airline tickets, supported by ancillary services such as priority boarding, reserved seating, checked baggage, onboard food and beverages, travel insurance and car-hire or accommodation-related offerings.