10,884 Shares in Ryanair Holdings PLC $RYAAY Bought by Bayforest Capital Ltd

Bayforest Capital Ltd purchased a new position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,884 shares of the transportation company’s stock, valued at approximately $628,000.

Several other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Ryanair by 4.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company’s stock worth $1,242,480,000 after acquiring an additional 1,233,059 shares during the period. Metropolis Capital Ltd lifted its stake in shares of Ryanair by 0.8% in the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock worth $276,253,000 after acquiring an additional 36,559 shares during the period. Royal Bank of Canada lifted its stake in shares of Ryanair by 7.3% in the 1st quarter. Royal Bank of Canada now owns 3,909,138 shares of the transportation company’s stock worth $165,630,000 after acquiring an additional 266,343 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Ryanair in the 1st quarter worth $118,071,000. Finally, Natixis Advisors LLC lifted its stake in shares of Ryanair by 5.6% in the 1st quarter. Natixis Advisors LLC now owns 1,034,561 shares of the transportation company’s stock worth $43,834,000 after acquiring an additional 54,439 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of RYAAY opened at $61.44 on Wednesday. The company has a 50-day simple moving average of $61.34 and a 200-day simple moving average of $56.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $32.44 billion, a PE ratio of 14.42, a P/E/G ratio of 0.69 and a beta of 1.38. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $67.18.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.25. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. Equities research analysts predict that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.534 per share. This is a positive change from Ryanair’s previous special dividend of $0.47. The ex-dividend date of this dividend was Friday, September 12th. Ryanair’s dividend payout ratio is 16.90%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Ryanair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. The Goldman Sachs Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Raymond James Financial restated a “strong-buy” rating and issued a $76.00 target price (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and an average price target of $76.00.

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.