Choreo LLC Buys New Stake in Ryanair Holdings PLC $RYAAY

Choreo LLC purchased a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) during the third quarter, according to its most recent filing with the SEC. The fund purchased 13,377 shares of the transportation company’s stock, valued at approximately $806,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RYAAY. USA Financial Formulas bought a new stake in shares of Ryanair in the third quarter worth about $26,000. UMB Bank n.a. boosted its stake in Ryanair by 1,057.4% during the third quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock valued at $33,000 after buying an additional 497 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Ryanair in the 2nd quarter worth approximately $39,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RYAAY. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings cut shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.50.

Ryanair Price Performance

Ryanair stock opened at $63.99 on Wednesday. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. 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 firm has a 50-day moving average price of $69.06 and a 200-day moving average price of $65.20. The firm has a market capitalization of $33.55 billion, a PE ratio of 12.85, a price-to-earnings-growth 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 earnings per share for the quarter, topping 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.16 billion. As a group, equities research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be issued a dividend of $0.4545 per share. The ex-dividend date is Friday, January 16th. Ryanair’s payout ratio is presently 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.