Synovus Financial Corp Acquires New Shares in Ryanair Holdings PLC $RYAAY

Synovus Financial Corp bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,185 shares of the transportation company’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RYAAY. USA Financial Formulas purchased a new position in shares of Ryanair during the 3rd quarter worth $26,000. UMB Bank n.a. lifted its position in Ryanair by 1,057.4% in the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after buying an additional 497 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Ryanair by 250.9% during the second quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Ryanair during the second quarter valued at about $39,000. Finally, Global Retirement Partners LLC raised its stake in shares of Ryanair by 68.1% in the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Up 0.5%

Ryanair stock opened at $64.47 on Monday. The firm has a market capitalization of $33.80 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.61 and a beta of 1.23. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $74.24. The stock’s fifty day simple moving average is $69.83 and its 200-day simple moving average is $65.15.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, topping 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 firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. As a group, equities analysts expect 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 will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s payout ratio is currently 14.26%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RYAAY shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 29th. Zacks Research upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.50.

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.