92,853 Shares in Ryanair Holdings plc (NASDAQ:RYAAY) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 92,853 shares of the transportation company’s stock, valued at approximately $10,817,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RYAAY. Capital International Investors grew its position in shares of Ryanair by 34.9% in the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after acquiring an additional 3,734,770 shares during the period. Capital World Investors grew its holdings in shares of Ryanair by 30.0% during the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock worth $1,759,590,000 after purchasing an additional 2,791,513 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ryanair by 2.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock worth $1,100,716,000 after purchasing an additional 183,584 shares during the period. Metropolis Capital Ltd raised its stake in Ryanair by 33.3% in the second quarter. Metropolis Capital Ltd now owns 1,444,041 shares of the transportation company’s stock valued at $168,144,000 after purchasing an additional 360,917 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of Ryanair by 58.7% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,065,800 shares of the transportation company’s stock worth $142,135,000 after acquiring an additional 394,300 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on RYAAY shares. Citigroup raised Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. UBS Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research report on Thursday, June 20th. Sanford C. Bernstein dropped their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Hsbc Global Res upgraded Ryanair to a “hold” rating in a report on Friday, July 12th. Finally, The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

Ryanair Trading Down 0.3 %

Shares of RYAAY opened at $113.37 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $25.60 billion, a P/E ratio of 12.43, a PEG ratio of 1.61 and a beta of 1.55. Ryanair Holdings plc has a twelve month low of $87.18 and a twelve month high of $150.73. The firm has a fifty day simple moving average of $106.16 and a two-hundred day simple moving average of $122.04.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($1.20). The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. On average, research analysts anticipate that Ryanair Holdings plc will post 6.93 EPS for the current year.

Ryanair Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 9th will be paid a $0.692 dividend. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 1.8%. Ryanair’s dividend payout ratio is presently 28.18%.

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.