Ryanair Holdings plc (NASDAQ:RYAAY) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 152.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,476 shares of the transportation company’s stock after purchasing an additional 13,564 shares during the quarter. Bleakley Financial Group LLC’s holdings in Ryanair were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of RYAAY. Transcendent Capital Group LLC acquired a new stake in shares of Ryanair in the 1st quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of 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 last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Ryanair by 256.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 215 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Ryanair in the 1st quarter valued at $50,000. Finally, Ridgewood Investments LLC purchased a new stake in Ryanair in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RYAAY. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Citigroup raised Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Sanford C. Bernstein lowered their target price 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 research note on Friday, July 12th. Finally, HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $45.43 on Monday. The firm’s fifty day simple moving average is $89.37 and its 200-day simple moving average is $110.71. 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 cap of $10.26 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 2.55 and a beta of 1.54. Ryanair Holdings plc has a fifty-two week low of $34.87 and a fifty-two week high of $60.29.

Ryanair (NASDAQ:RYAAY) last issued its earnings results 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). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.32 billion. Analysts expect that Ryanair Holdings plc will post 2.97 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 9th were paid a $0.692 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Friday, September 13th. Ryanair’s payout ratio is currently 11.29%.

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.