State Street Corp Boosts Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

State Street Corp boosted its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 53.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 285,808 shares of the transportation company’s stock after purchasing an additional 99,268 shares during the period. State Street Corp owned about 0.05% of Ryanair worth $12,913,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Paradigm Asset Management Co. LLC lifted its stake in shares of Ryanair by 87.5% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after buying an additional 350 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ryanair by 261.5% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock worth $40,000 after purchasing an additional 646 shares in the last quarter. Signaturefd LLC boosted its stake in Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock worth $40,000 after purchasing an additional 539 shares during the period. Ridgewood Investments LLC bought a new stake in shares of Ryanair during the second quarter valued at approximately $50,000. Finally, Fortitude Family Office LLC bought a new position in shares of Ryanair during the third quarter worth $57,000. Institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

Shares of RYAAY opened at $44.25 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $44.94 and a 200-day moving average price of $81.65. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The stock has a market capitalization of $23.98 billion, a PE ratio of 14.75, a PEG ratio of 2.62 and a beta of 1.51.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a return on equity of 19.92% and a net margin of 11.38%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the firm posted $2.88 earnings per share. Equities analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 17th will be issued a $0.4677 dividend. This represents a yield of 4.2%. The ex-dividend date is Friday, January 17th. Ryanair’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

RYAAY has been the subject of a number of research reports. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays upgraded Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein decreased their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.