AIA Group Ltd Has $6.98 Million Holdings in Ryanair Holdings PLC $RYAAY

AIA Group Ltd raised its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 16.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,965 shares of the transportation company’s stock after buying an additional 16,501 shares during the period. AIA Group Ltd’s holdings in Ryanair were worth $6,983,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. USA Financial Formulas bought a new position in shares of Ryanair during the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC raised its position in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. raised its position in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the period. UMB Bank n.a. lifted its stake in shares of Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares during the last quarter. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Ryanair during the 2nd quarter worth about $39,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RYAAY shares. Erste Group Bank cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Evercore raised 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ryanair has an average rating of “Moderate Buy” and an average target price of $75.67.

Ryanair Stock Down 2.8%

Shares of NASDAQ RYAAY opened at $59.80 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24. The stock has a market capitalization of $31.29 billion, a P/E ratio of 12.01, a PEG ratio of 0.58 and a beta of 1.22. The stock’s fifty day moving average is $66.81 and its 200 day moving average is $65.01.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Sell-side analysts forecast that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, January 16th were paid a $0.4545 dividend. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is 14.26%.

About Ryanair

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.