Hsbc Holdings PLC Invests $10.82 Million in Ryanair Holdings plc (NASDAQ:RYAAY)

Hsbc Holdings PLC acquired a new stake in Ryanair Holdings plc (NASDAQ:RYAAY) in the second quarter, HoldingsChannel reports. The firm acquired 92,853 shares of the transportation company’s stock, valued at approximately $10,817,000.

Other large investors have also recently added to or reduced their stakes in the company. Brave Warrior Advisors LLC acquired a new stake in Ryanair during the fourth quarter worth about $870,000. Virtu Financial LLC acquired a new stake in Ryanair in the 4th quarter worth approximately $913,000. Putnam Investments LLC grew its holdings in Ryanair by 25.0% during the fourth quarter. Putnam Investments LLC now owns 748,293 shares of the transportation company’s stock valued at $99,792,000 after purchasing an additional 149,472 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Ryanair by 151.3% in the 4th quarter. Quadrature Capital Ltd now owns 14,041 shares of the transportation company’s stock worth $1,873,000 after acquiring an additional 8,454 shares during the period. Finally, Artemis Investment Management LLP lifted its position in Ryanair by 7.3% during the 1st quarter. Artemis Investment Management LLP now owns 477,084 shares of the transportation company’s stock worth $69,422,000 after acquiring an additional 32,511 shares during the last quarter. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Stock Performance

Shares of RYAAY stock opened at $113.37 on Tuesday. Ryanair Holdings plc has a one year low of $87.18 and a one year high of $150.73. The stock has a market cap of $25.60 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.61 and a beta of 1.55. The company has a fifty day moving average price of $106.16 and a two-hundred day moving average price of $122.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Ryanair (NASDAQ:RYAAY) last announced its earnings results on Monday, July 22nd. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. As a group, equities analysts predict that Ryanair Holdings plc will post 6.93 EPS for the current year.

Ryanair Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 9th will be paid a $0.692 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 13th. Ryanair’s payout ratio is 28.18%.

Wall Street Analyst Weigh In

Several research analysts have commented on RYAAY shares. Sanford C. Bernstein dropped their price target on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a report on Friday, July 12th. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, UBS Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.67.

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.