AdvisorShares Investments LLC Takes Position in Ryanair Holdings PLC $RYAAY

AdvisorShares Investments LLC bought a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) during the third quarter, HoldingsChannel reports. The fund bought 17,944 shares of the transportation company’s stock, valued at approximately $1,081,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in Ryanair during the 3rd quarter worth $26,000. UMB Bank n.a. raised its holdings in shares of Ryanair by 1,057.4% in 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 boosted its stake in shares of Ryanair by 250.9% during the second quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Ryanair during the second quarter worth about $39,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Up 1.6%

Ryanair stock opened at $68.61 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $74.24. The company has a market cap of $36.02 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.65 and a beta of 1.23. The stock’s 50 day moving average price is $70.07 and its 200 day moving average price is $64.93.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company 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%. On average, sell-side analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Announces Dividend

The business 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 of this dividend is Friday, January 16th. Ryanair’s payout ratio is currently 14.26%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, January 15th. Sanford C. Bernstein restated a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Zacks Research raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ryanair has an average rating of “Buy” and a consensus target price of $73.50.

Ryanair Profile

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.