Signature Estate & Investment Advisors LLC Increases Stock Holdings in Ryanair Holdings PLC $RYAAY

Signature Estate & Investment Advisors LLC lifted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,429 shares of the transportation company’s stock after acquiring an additional 352 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Ryanair were worth $313,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Ryanair during the 2nd quarter valued at about $31,000. Golden State Wealth Management LLC raised its holdings in shares of Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock valued at $41,000 after buying an additional 481 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Ryanair by 1,158.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after buying an additional 938 shares during the period. CWM LLC raised its holdings in shares of Ryanair by 39.8% during the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock valued at $50,000 after buying an additional 339 shares during the period. Finally, Maseco LLP purchased a new stake in Ryanair during the 2nd quarter worth approximately $53,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $61.80 on Tuesday. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $67.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $32.63 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.38. The business has a 50 day simple moving average of $61.11 and a 200-day simple moving average of $56.65.

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

Ryanair Increases Dividend

The company also recently declared a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 8th were issued a $0.534 dividend. This is a positive change from Ryanair’s previous special dividend of $0.47. The ex-dividend date was Friday, September 12th. Ryanair’s dividend payout ratio (DPR) is presently 16.90%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RYAAY. Morgan Stanley began coverage on Ryanair in a report on Wednesday, October 15th. They set an “overweight” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th. Oddo Bhf upgraded Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. The Goldman Sachs Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a report on Monday, September 8th. Finally, Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $76.00.

Ryanair Company 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.