AustralianSuper Pty Ltd Invests $15.13 Million in Ryanair Holdings PLC $RYAAY

AustralianSuper Pty Ltd purchased a new stake 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 & Exchange Commission. The fund purchased 251,300 shares of the transportation company’s stock, valued at approximately $15,133,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of 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. Bank of Montreal Can increased its position in shares of Ryanair by 94.1% during the second quarter. Bank of Montreal Can now owns 174,323 shares of the transportation company’s stock worth $10,053,000 after purchasing an additional 84,511 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in Ryanair in the second quarter valued at about $214,000. Ovata Capital Management Ltd acquired a new stake in Ryanair in the 2nd quarter worth approximately $24,705,000. Finally, AGF Management Ltd. lifted its position in Ryanair by 18.7% during the 2nd quarter. AGF Management Ltd. now owns 21,537 shares of the transportation company’s stock worth $1,242,000 after acquiring an additional 3,400 shares during the period. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RYAAY shares. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Finally, Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Ryanair Stock Performance

NASDAQ RYAAY opened at $63.99 on Wednesday. The business’s 50-day simple moving average is $69.06 and its 200-day simple moving average is $65.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $74.24. The firm has a market capitalization of $33.55 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.62 and a beta of 1.22.

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

Ryanair Dividend Announcement

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

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.