JPMorgan Chase & Co. Has $191.29 Million Stock Position in Ryanair Holdings PLC $RYAAY

JPMorgan Chase & Co. raised its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,176,538 shares of the transportation company’s stock after buying an additional 376,145 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ryanair were worth $191,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. JCIC Asset Management Inc. acquired a new stake in Ryanair during the 3rd quarter worth approximately $4,160,000. Oppenheimer Asset Management Inc. raised its stake in shares of Ryanair by 33.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock worth $9,869,000 after purchasing an additional 41,065 shares in the last quarter. Capula Management Ltd acquired a new stake in Ryanair in the third quarter valued at $1,235,000. Truist Financial Corp raised its stake in Ryanair by 192.8% in the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock valued at $1,309,000 after buying an additional 14,316 shares during the period. Finally, US Bancorp DE grew its stake in Ryanair by 10,134.5% in the 3rd quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock valued at $2,108,000 after buying an additional 34,660 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

RYAAY has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $71.00 price target on shares of Ryanair in a research report on Tuesday, January 27th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 12th. Zacks Research lowered Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

Ryanair Stock Down 0.9%

Shares of NASDAQ RYAAY opened at $61.55 on Wednesday. The business has a 50-day simple moving average of $67.04 and a two-hundred day simple moving average of $65.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The company has a market cap 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. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24.

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

Ryanair Dividend Announcement

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

Ryanair Profile

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.