69,084 Shares in Ryanair Holdings PLC $RYAAY Acquired by JCIC Asset Management Inc.

JCIC Asset Management Inc. purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 69,084 shares of the transportation company’s stock, valued at approximately $4,160,000. Ryanair makes up about 1.3% of JCIC Asset Management Inc.’s holdings, making the stock its 28th biggest position.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Ryanair by 3.8% during the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 186 shares during the period. Evelyn Partners Investment Management Services Ltd increased its position in shares of Ryanair by 40.4% during the 2nd 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. Benjamin Edwards Inc. lifted its holdings in Ryanair by 3.9% during the 2nd 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 during the last quarter. Venturi Wealth Management LLC lifted its holdings in Ryanair by 2.9% during the 3rd 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 during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Ryanair by 68.1% in the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock valued at $41,000 after buying an additional 277 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RYAAY shares. Wall Street Zen raised shares of Ryanair from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Thursday. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a report on Monday, December 15th. Finally, Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Trading Down 1.0%

Shares of RYAAY opened at $68.28 on Monday. The stock’s fifty day simple moving average is $68.46 and its 200-day simple moving average is $63.76. The firm has a market capitalization of $35.85 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $5.44 billion. As a group, research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be issued a $0.4545 dividend. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio is currently 13.85%.

Ryanair Company 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.