Sumitomo Mitsui DS Asset Management Company Ltd Buys 17,337 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 150.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,895 shares of the transportation company’s stock after purchasing an additional 17,337 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ryanair were worth $1,305,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Ryanair during the first quarter worth about $29,000. GAMMA Investing LLC increased its position in Ryanair by 44.9% during the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after acquiring an additional 75 shares during the period. EverSource Wealth Advisors LLC increased its position in Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock worth $41,000 after acquiring an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in Ryanair during the first quarter worth about $50,000. Finally, Ridgewood Investments LLC bought a new position in Ryanair during the second quarter worth about $50,000. 43.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RYAAY shares. Sanford C. Bernstein reduced their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. HSBC downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a research note on Friday, July 12th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Seven 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.67.

Ryanair Trading Up 1.1 %

RYAAY opened at $45.61 on Wednesday. The company’s 50 day moving average is $87.09 and its 200-day moving average is $109.31. Ryanair Holdings plc has a 1-year low of $34.87 and a 1-year high of $60.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $24.95 billion, a P/E ratio of 14.89, a PEG ratio of 2.62 and a beta of 1.54.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The business had revenue of $3.90 billion during 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%. Equities research analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The firm also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 9th were issued a $0.692 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is presently 33.94%.

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.