ABC Arbitrage SA Increases Stake in Ryanair Holdings PLC $RYAAY

ABC Arbitrage SA grew its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,668 shares of the transportation company’s stock after buying an additional 21,431 shares during the period. ABC Arbitrage SA’s holdings in Ryanair were worth $7,327,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RYAAY. JCIC Asset Management Inc. purchased a new stake in shares of Ryanair in the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. lifted its position in Ryanair by 33.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock valued at $9,869,000 after purchasing an additional 41,065 shares during the period. Truist Financial Corp lifted its position in Ryanair by 192.8% during the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock valued at $1,309,000 after purchasing an additional 14,316 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Ryanair by 55.2% in the second quarter. Asset Management One Co. Ltd. now owns 79,784 shares of the transportation company’s stock valued at $4,601,000 after purchasing an additional 28,364 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in Ryanair during the 2nd quarter worth about $1,289,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Down 3.5%

Shares of NASDAQ RYAAY opened at $67.08 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average of $70.14 and a 200 day moving average of $65.02. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The stock has a market cap of $35.22 billion, a PE ratio of 13.47, a P/E/G ratio of 0.66 and a beta of 1.23.

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

Ryanair Announces Dividend

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 issued a $0.4545 dividend. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio is currently 14.26%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RYAAY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Zacks Research upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $71.00 price objective on shares of Ryanair in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ryanair presently has a consensus rating of “Buy” and an average price target 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.