Trinity Street Asset Management LLP Increases Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Trinity Street Asset Management LLP boosted its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,980,848 shares of the transportation company’s stock after acquiring an additional 225,098 shares during the period. Ryanair accounts for 17.0% of Trinity Street Asset Management LLP’s portfolio, making the stock its 4th largest position. Trinity Street Asset Management LLP’s holdings in Ryanair were worth $173,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RYAAY. Pinnacle Bancorp Inc. increased its stake in shares of Ryanair by 150.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 645 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Ryanair in the fourth quarter valued at approximately $294,000. JCIC Asset Management Inc. raised its holdings in Ryanair by 154.4% in the fourth quarter. JCIC Asset Management Inc. now owns 71,018 shares of the transportation company’s stock worth $3,096,000 after purchasing an additional 43,098 shares during the period. CHICAGO TRUST Co NA bought a new stake in shares of Ryanair in the 4th quarter valued at $232,000. Finally, GAMMA Investing LLC raised its stake in Ryanair by 125.4% during the 4th quarter. GAMMA Investing LLC now owns 2,013 shares of the transportation company’s stock worth $88,000 after buying an additional 1,120 shares during the period. Institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RYAAY shares. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Ryanair Price Performance

NASDAQ RYAAY opened at $41.65 on Friday. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The firm’s 50 day moving average is $44.23 and its 200-day moving average is $72.94. The company has a market capitalization of $22.51 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.22.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Equities research analysts anticipate that Ryanair Holdings plc will post 2.96 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 17th will be given a dividend of $0.4677 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a yield of 4.2%. Ryanair’s dividend payout ratio (DPR) is presently 34.67%.

About Ryanair

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.