Ryanair Holdings PLC $RYAAY Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 155.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,956 shares of the transportation company’s stock after acquiring an additional 7,880 shares during the period. Ritholtz Wealth Management’s holdings in Ryanair were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RYAAY. GAMMA Investing LLC lifted its stake in shares of Ryanair by 13.2% in the 1st quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company’s stock worth $97,000 after acquiring an additional 265 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Ryanair by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,510 shares of the transportation company’s stock worth $869,000 after acquiring an additional 1,824 shares during the period. Blue Trust Inc. lifted its stake in shares of Ryanair by 27.0% in the 1st quarter. Blue Trust Inc. now owns 4,886 shares of the transportation company’s stock worth $207,000 after acquiring an additional 1,039 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ryanair by 26.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company’s stock worth $327,000 after acquiring an additional 1,621 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Ryanair by 46.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 104,730 shares of the transportation company’s stock valued at $4,437,000 after purchasing an additional 33,281 shares during the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $61.98 on Friday. The company’s fifty day moving average is $61.15 and its two-hundred day moving average is $56.40. 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 Holdings PLC has a 12-month low of $38.52 and a 12-month high of $67.18. The company has a market cap of $32.73 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.38.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.25. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.16 billion. Equities analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Increases Dividend

The company also recently announced a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, August 8th were paid a dividend of $0.534 per share. This is an increase from Ryanair’s previous special dividend of $0.47. The ex-dividend date of this dividend was Friday, September 12th. Ryanair’s dividend payout ratio (DPR) is presently 16.67%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research lowered shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $76.00 price target (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Morgan Stanley started coverage on Ryanair in a report on Wednesday. They issued an “overweight” rating on the stock. Wall Street Zen raised Ryanair from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 4th. Finally, Oddo Bhf raised Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ryanair has a consensus rating of “Buy” and a consensus target price of $76.00.

Ryanair Profile

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.