Ryanair Holdings PLC $RYAAY Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 141,669 shares of the transportation company’s stock after purchasing an additional 33,858 shares during the period. Assetmark Inc.’s holdings in Ryanair were worth $8,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings 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 worth $42,041,000 after buying an additional 861,361 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of Ryanair in the 2nd quarter valued at approximately $204,000. Signature Estate & Investment Advisors LLC increased its holdings in shares of Ryanair by 6.9% in the second quarter. Signature Estate & Investment Advisors LLC now owns 5,429 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 352 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Ryanair by 10.4% during the second quarter. Bleakley Financial Group LLC now owns 29,367 shares of the transportation company’s stock worth $1,694,000 after purchasing an additional 2,767 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Ryanair during the second quarter worth approximately $203,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Up 0.6%

Ryanair stock opened at $65.49 on Tuesday. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $74.24. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23. The stock’s fifty day moving average is $70.10 and its two-hundred day moving average is $65.10. 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 (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. Ryanair had a return on equity of 29.76% and a net margin of 15.04%. Analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Dividend Announcement

The firm 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 dividend payout ratio is currently 14.26%.

Analysts Set New Price Targets

RYAAY has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Zacks Research raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.