Scientech Research LLC Raises Share Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Scientech Research LLC raised its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY – Free Report) by 306.5% during the second quarter, HoldingsChannel reports. The firm owned 7,260 shares of the transportation company’s stock after purchasing an additional 5,474 shares during the quarter. Scientech Research LLC’s holdings in Ryanair were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in Ryanair in the first quarter worth $29,000. GAMMA Investing LLC boosted its stake in Ryanair by 44.9% in the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after purchasing an additional 75 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Ryanair by 256.0% in the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Ryanair in the first quarter valued at approximately $50,000. Finally, Ridgewood Investments LLC purchased a new stake in Ryanair in the second quarter valued at about $50,000. Hedge funds and other institutional investors own 43.66% of the company’s shares.

Ryanair inventory performance

NASDAQ RYAAY opened at $112.68 on Friday. 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 Holdings plc has a 1 year low of $87.18 and a 1 year high of $150.73. The company has a 50 day simple moving average of $105.97 and a two hundred day simple moving average of $121.46. The stock has a market cap of $24.83 billion, a PE ratio of 12.36, a P/E/G ratio of 2.67 and a beta of 1.55.

Ryanair (NASDAQ:RYAAY – Get Your Free Report ) last posted 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 business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. On average, research analysts predict that Ryanair Holdings plc will post 7.35 EPS for the current fiscal year.

Ryanair cuts dividends

The firm also recently announced a variable dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, August 9th were given a dividend of $0.692 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 13th. Ryanair’s dividend payout ratio is 28.40%.

Analysts on Wall Street are forecasting an increase

Several equities analysts have weighed in on the stock. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a report on Friday, July 12th. UBS Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Sanford C. Bernstein cut their price target on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. HSBC cut Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Moderate Buy” and an average price target of $154.67, based on data from MarketBeat.com.

See the latest stock report on Ryanair

About Ryanair

(Free report)

Ryanair Holdings plc, together with its subsidiaries, provides scheduled airline services to passengers 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 the in-flight sale of beverages, food, duty-free and merchandise; and markets car rental, travel insurance and accommodation services through its website and mobile app.

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