Brooklyn Investment Group Increases Holdings in Ryanair Holdings PLC $RYAAY

Brooklyn Investment Group increased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 260.5% in the first quarter, Holdings Channel reports. The firm owned 1,424 shares of the transportation company’s stock after acquiring an additional 1,029 shares during the period. Brooklyn Investment Group’s holdings in Ryanair were worth $60,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RYAAY. Massachusetts Financial Services Co. MA lifted its holdings in Ryanair by 4.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after buying an additional 1,233,059 shares in the last quarter. Brave Warrior Advisors LLC lifted its holdings in Ryanair by 9.8% in the 4th quarter. Brave Warrior Advisors LLC now owns 5,604,258 shares of the transportation company’s stock worth $244,290,000 after buying an additional 500,239 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Ryanair by 63.7% in the 4th quarter. Baird Financial Group Inc. now owns 762,556 shares of the transportation company’s stock worth $33,240,000 after buying an additional 296,778 shares in the last quarter. Cambiar Investors LLC acquired a new position in Ryanair in the 1st quarter worth $11,785,000. Finally, Ninety One UK Ltd acquired a new position in Ryanair in the 1st quarter worth $11,761,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $66.72 on Friday. 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 fifty-two week low of $38.52 and a fifty-two week high of $67.18. The firm has a 50-day simple moving average of $60.54 and a 200 day simple moving average of $52.49. The company has a market cap of $35.38 billion, a PE ratio of 15.66, a P/E/G ratio of 1.07 and a beta of 1.36.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data 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 net margin of 14.42% and a return on equity of 27.91%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. On average, sell-side analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be given a dividend of $0.534 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a dividend yield of 120.0%. This is a boost from Ryanair’s previous — dividend of $0.47. Ryanair’s payout ratio is currently 14.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RYAAY shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of Ryanair from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, Ryanair currently has an average rating of “Buy” and an average target price of $111.50.

About Ryanair

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.