Public Employees Retirement System of Ohio Takes $584,000 Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Public Employees Retirement System of Ohio acquired a new position in Ryanair Holdings plc (NASDAQ:RYAAY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,932 shares of the transportation company’s stock, valued at approximately $584,000.

A number of other hedge funds have also bought and sold shares of RYAAY. Massachusetts Financial Services Co. MA raised its holdings in shares of Ryanair by 188.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock valued at $1,231,762,000 after purchasing an additional 17,810,361 shares during the last quarter. Baillie Gifford & Co. grew its position in Ryanair by 175.7% in the 3rd quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock worth $1,063,939,000 after purchasing an additional 15,008,023 shares during the period. Janus Henderson Group PLC raised its stake in Ryanair by 169.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock valued at $284,893,000 after buying an additional 3,967,436 shares during the last quarter. Metropolis Capital Ltd raised its stake in Ryanair by 177.4% during the 3rd quarter. Metropolis Capital Ltd now owns 4,006,107 shares of the transportation company’s stock valued at $180,996,000 after buying an additional 2,562,066 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Ryanair by 35.3% during the 3rd quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock valued at $394,631,000 after buying an additional 2,279,679 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ryanair Stock Up 0.5 %

NASDAQ RYAAY opened at $44.70 on Friday. Ryanair Holdings plc has a 52 week low of $36.96 and a 52 week high of $60.29. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $24.23 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.51. The stock’s 50-day moving average price is $44.95 and its 200-day moving average price is $83.35.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $2.88 EPS. On average, equities research analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Ryanair Dividend Announcement

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

Ryanair 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.