Geode Capital Management LLC Increases Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Geode Capital Management LLC raised its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 171.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 656,244 shares of the transportation company’s stock after buying an additional 414,595 shares during the period. Geode Capital Management LLC’s holdings in Ryanair were worth $29,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Paradigm Asset Management Co. LLC grew its holdings in shares of Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Ryanair by 261.5% during the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock worth $40,000 after acquiring an additional 646 shares during the period. Signaturefd LLC raised its stake in shares of Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 539 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Ryanair in the third quarter valued at $57,000. Finally, Mather Group LLC. grew its stake in Ryanair by 151.8% during the 3rd quarter. Mather Group LLC. now owns 1,629 shares of the transportation company’s stock worth $74,000 after purchasing an additional 982 shares in the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RYAAY. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein cut their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Ryanair Trading Down 0.7 %

Shares of Ryanair stock opened at $43.92 on Friday. The company’s fifty day moving average is $44.91 and its two-hundred day moving average is $81.13. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $23.81 billion, a P/E ratio of 14.64, a PEG ratio of 2.62 and a beta of 1.51.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.09). The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same period in the previous year, the firm posted $2.88 EPS. Analysts forecast that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Ryanair Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 17th will be issued a $0.4677 dividend. This represents a yield of 4.2%. The ex-dividend date is Friday, January 17th. Ryanair’s dividend payout ratio is presently 33.33%.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.