JPMorgan Chase & Co. Raises Position in Ryanair Holdings plc (NASDAQ:RYAAY)

JPMorgan Chase & Co. raised its position in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 145.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,779,187 shares of the transportation company's stock after purchasing an additional 2,240,230 shares during the period. JPMorgan Chase & Co. owned 0.70% of Ryanair worth $170,744,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC increased its position in shares of Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock worth $34,000 after purchasing an additional 350 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Ryanair by 153.1% in the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock worth $40,000 after buying an additional 539 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ryanair by 261.5% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock worth $40,000 after buying an additional 646 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Ryanair by 148.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company's stock worth $54,000 after acquiring an additional 709 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Ryanair during the 3rd quarter worth $57,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RYAAY has been the topic of a number of research reports. Barclays upgraded Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. UBS Group upgraded shares of Ryanair from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $151.00.

Ryanair Trading Down 0.8 %

NASDAQ RYAAY traded down $0.35 during trading on Wednesday, hitting $43.59. The company had a trading volume of 373,655 shares, compared to its average volume of 1,548,420. The company's fifty day moving average is $44.79 and its 200-day moving average is $78.77. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.62 and a beta of 1.51. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. Ryanair Holdings plc has a one year low of $36.96 and a one year high of $60.29.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its 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 return on equity of 19.92% and a net margin of 11.38%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the company posted $2.88 EPS. On average, sell-side analysts predict that Ryanair Holdings plc will post 2.97 earnings per share for the current year.

Ryanair Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.4677 per share. This represents a dividend yield of 4.2%. The ex-dividend date is Friday, January 17th. Ryanair's dividend payout ratio is 33.33%.

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.