Credit Industriel ET Commercial Has $7.49 Million Holdings in Ryanair Holdings PLC $RYAAY

Credit Industriel ET Commercial decreased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,600 shares of the transportation company’s stock after selling 85,523 shares during the quarter. Ryanair accounts for approximately 0.6% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 21st largest position. Credit Industriel ET Commercial’s holdings in Ryanair were worth $7,493,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock worth $42,041,000 after acquiring an additional 861,361 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $161,499,000 after purchasing an additional 539,256 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Ryanair by 43.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock worth $82,104,000 after buying an additional 428,932 shares during the last quarter. Ovata Capital Management Ltd acquired a new stake in Ryanair in the second quarter valued at about $24,705,000. Finally, HBK Investments L P bought a new position in Ryanair in the second quarter valued at about $24,442,000. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Up 0.6%

Shares of NASDAQ:RYAAY opened at $65.49 on Monday. The firm has a market cap of $34.38 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.62 and a beta of 1.23. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The business has a fifty day simple moving average of $70.11 and a 200 day simple moving average of $65.07. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results 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 return on equity of 29.76% and a net margin of 15.04%.The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. Analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on RYAAY shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Zacks Research raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $73.50.

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.