Synovus Financial Corp Makes New $1.04 Million Investment in Ryanair Holdings PLC $RYAAY

Synovus Financial Corp acquired a new stake in Ryanair Holdings PLC (NASDAQ:RYAAY) during the third quarter, Holdings Channel.com reports. The firm acquired 17,185 shares of the transportation company’s stock, valued at approximately $1,035,000.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Ryanair during the third quarter worth $26,000. UMB Bank n.a. lifted its holdings in Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after buying an additional 497 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after acquiring an additional 424 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Ryanair in the 2nd quarter valued at about $39,000. Finally, Global Retirement Partners LLC raised its position in shares of Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Stock Performance

Shares of RYAAY opened at $64.47 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The firm has a market cap of $33.80 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. The company’s 50 day simple moving average is $69.83 and its 200-day simple moving average is $65.15. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.16 billion. As a group, equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.4545 per share. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio is 14.26%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RYAAY. Erste Group Bank downgraded Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Thursday, January 8th. Wall Street Zen cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Zacks Research upgraded 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 note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.