Oppenheimer Asset Management Inc. Purchases 41,065 Shares of Ryanair Holdings PLC $RYAAY

Oppenheimer Asset Management Inc. raised its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 33.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,875 shares of the transportation company’s stock after acquiring an additional 41,065 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Ryanair were worth $9,869,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Ryanair by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after purchasing an additional 539,256 shares during the period. Baird Financial Group Inc. grew its position in Ryanair by 43.1% during the second quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after buying an additional 428,932 shares during the period. Goldman Sachs Group Inc. increased its holdings in Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in Ryanair by 0.3% during the third quarter. Hudson Edge Investment Partners Inc. now owns 956,650 shares of the transportation company’s stock valued at $57,609,000 after buying an additional 2,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Ryanair by 10.8% in the second quarter. The Manufacturers Life Insurance Company now owns 882,136 shares of the transportation company’s stock worth $50,873,000 after acquiring an additional 85,738 shares during the period. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

NASDAQ RYAAY opened at $69.52 on Tuesday. The firm has a market cap of $36.50 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. 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 business has a 50-day moving average price of $70.12 and a 200-day moving average price of $64.99. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $74.24.

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

Ryanair Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RYAAY. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Wall Street Zen lowered Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Finally, Zacks Research raised Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Ryanair presently has an average rating of “Buy” and a consensus price target of $73.50.

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.