Dorsey Wright & Associates Purchases New Shares in Ryanair Holdings PLC $RYAAY

Dorsey Wright & Associates purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,177 shares of the transportation company’s stock, valued at approximately $1,576,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Ryanair by 3.8% in the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock worth $304,000 after acquiring an additional 186 shares during the last quarter. Evelyn Partners Investment Management Services Ltd lifted its position in shares of Ryanair by 40.4% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after purchasing an additional 202 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its stake in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Ryanair by 3.9% in the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 217 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Ryanair by 2.9% in the third quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock valued at $484,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Trading Down 0.9%

Shares of NASDAQ RYAAY opened at $61.55 on Wednesday. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $74.24. The firm has a market capitalization of $32.21 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50 day simple moving average is $67.04 and its 200 day simple moving average is $65.04.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. On average, analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, January 16th were paid a dividend of $0.4545 per share. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s payout ratio is 14.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, March 12th. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ryanair has a consensus rating of “Moderate Buy” and an average price target of $75.67.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.