Ryanair Holdings plc (NASDAQ:RYAAY) Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 179.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,594,774 shares of the transportation company’s stock after buying an additional 1,023,297 shares during the quarter. Ryanair accounts for about 1.1% of Artemis Investment Management LLP’s portfolio, making the stock its 25th largest holding. Artemis Investment Management LLP owned about 0.29% of Ryanair worth $72,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Ryanair by 44.9% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Gallacher Capital Management LLC raised its holdings in Ryanair by 4.1% in the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock valued at $442,000 after buying an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Ryanair by 25.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 187 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Ryanair during the first quarter worth about $29,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Ryanair by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock worth $2,939,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RYAAY. UBS Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Citigroup raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, Hsbc Global Res raised Ryanair to a “hold” rating in a research note on Friday, July 12th. Seven investment 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Ryanair Stock Up 3.1 %

RYAAY stock opened at $43.42 on Wednesday. Ryanair Holdings plc has a twelve month low of $34.87 and a twelve month high of $60.29. 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 company has a market cap of $9.80 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 2.97 and a beta of 1.54. The business’s 50-day simple moving average is $99.45 and its 200 day simple moving average is $117.14.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, July 22nd. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.32 billion. On average, research analysts anticipate that Ryanair Holdings plc will post 2.48 earnings per share for the current year.

Ryanair Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 9th were given a $0.692 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 13th. Ryanair’s dividend payout ratio (DPR) is 11.29%.

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.