Ryanair Holdings PLC $RYAAY is Ovata Capital Management Ltd’s 10th Largest Position

Ovata Capital Management Ltd decreased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 36.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 270,592 shares of the transportation company’s stock after selling 157,463 shares during the quarter. Ryanair accounts for about 3.2% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 10th biggest position. Ovata Capital Management Ltd’s holdings in Ryanair were worth $16,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JCIC Asset Management Inc. bought a new position in Ryanair in the 3rd quarter valued at $4,160,000. Oppenheimer Asset Management Inc. lifted its position in shares of Ryanair by 33.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 163,875 shares of the transportation company’s stock worth $9,869,000 after purchasing an additional 41,065 shares during the last quarter. Capula Management Ltd purchased a new stake in shares of Ryanair during the third quarter valued at $1,235,000. Truist Financial Corp boosted its stake in shares of Ryanair by 192.8% during the third quarter. Truist Financial Corp now owns 21,741 shares of the transportation company’s stock valued at $1,309,000 after purchasing an additional 14,316 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Ryanair by 10,134.5% in the third quarter. US Bancorp DE now owns 35,002 shares of the transportation company’s stock worth $2,108,000 after purchasing an additional 34,660 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Down 0.9%

NASDAQ:RYAAY opened at $61.55 on Wednesday. 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 50-day moving average of $67.04 and a 200 day moving average of $65.04. The firm has a market cap of $32.21 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.22.

Ryanair (NASDAQ:RYAAY) last posted 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. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.16 billion. As a group, research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, January 16th were issued a dividend of $0.4545 per share. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is presently 14.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RYAAY shares. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Finally, Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

About Ryanair

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.