Assetmark Inc. Raises Stake in Ryanair Holdings PLC $RYAAY

Assetmark Inc. increased its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 31.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 141,669 shares of the transportation company’s stock after acquiring an additional 33,858 shares during the period. Assetmark Inc.’s holdings in Ryanair were worth $8,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Ryanair by 658.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after acquiring an additional 861,361 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ryanair by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after purchasing an additional 539,256 shares during the period. Baird Financial Group Inc. increased its stake in Ryanair by 43.1% in the second quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after purchasing an additional 428,932 shares during the last quarter. Ovata Capital Management Ltd purchased a new position in Ryanair during the second quarter worth about $24,705,000. Finally, HBK Investments L P acquired a new stake in Ryanair in the 2nd quarter worth about $24,442,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. Zacks Research raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $71.00 price target on shares of Ryanair in a research note on Tuesday, January 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a research note on Monday, December 29th. Finally, Morgan Stanley reaffirmed 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 given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $73.50.

Ryanair Stock Up 0.6%

Shares of NASDAQ RYAAY opened at $65.49 on Tuesday. The stock has a fifty day moving average price of $70.10 and a 200 day moving average price of $65.10. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The company has a market cap of $34.38 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.62 and a beta of 1.23.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. Research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is presently 14.26%.

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.