ABC Arbitrage SA Takes $930,000 Position in Ryanair Holdings plc (NASDAQ:RYAAY)

ABC Arbitrage SA bought a new stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,339 shares of the transportation company's stock, valued at approximately $930,000.

A number of other hedge funds have also recently made changes to their positions in RYAAY. Paradigm Asset Management Co. LLC grew its holdings in Ryanair by 87.5% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock worth $34,000 after acquiring an additional 350 shares in the last quarter. Signaturefd LLC raised its holdings in Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock worth $40,000 after purchasing an additional 539 shares in the last quarter. R Squared Ltd purchased a new position in shares of Ryanair in the 4th quarter worth approximately $42,000. Pinnacle Bancorp Inc. lifted its position in Ryanair by 150.0% during the fourth 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. Finally, TD Private Client Wealth LLC boosted its stake in Ryanair by 148.6% in the third quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company's stock valued at $54,000 after acquiring an additional 709 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RYAAY shares. StockNews.com downgraded shares of Ryanair from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Barclays upgraded shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research note on Friday, October 25th. Finally, UBS Group upgraded Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Ryanair has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

Ryanair Stock Down 2.0 %

Shares of NASDAQ RYAAY traded down $0.92 during midday trading on Wednesday, hitting $44.59. The company's stock had a trading volume of 1,401,468 shares, compared to its average volume of 1,383,193. The business's fifty day simple moving average is $44.71 and its two-hundred day simple moving average is $62.44. The firm has a market capitalization of $24.10 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. On average, equities analysts predict that Ryanair Holdings plc will post 3.09 EPS for the current year.

Ryanair Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 17th will be paid a $0.4677 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a yield of 4.2%. Ryanair's payout ratio is 30.66%.

Ryanair Company 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.