Mackenzie Financial Corp Grows Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Mackenzie Financial Corp grew its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 826.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 621,773 shares of the transportation company's stock after purchasing an additional 554,680 shares during the period. Mackenzie Financial Corp owned about 0.28% of Ryanair worth $72,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RYAAY. US Bancorp DE grew its position in shares of Ryanair by 8,416.9% during the 4th quarter. US Bancorp DE now owns 14,649 shares of the transportation company's stock worth $1,954,000 after purchasing an additional 14,477 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Ryanair during the 4th quarter worth approximately $520,000. Catalytic Wealth RIA LLC acquired a new stake in shares of Ryanair during the 4th quarter worth approximately $232,000. Hudson Edge Investment Partners Inc. acquired a new stake in shares of Ryanair during the 4th quarter worth approximately $39,301,000. Finally, Kize Capital LP acquired a new stake in shares of Ryanair during the 4th quarter worth approximately $32,338,000. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Stock Down 4.3 %

Ryanair stock traded down $5.02 during midday trading on Friday, hitting $112.68. 753,395 shares of the stock were exchanged, compared to its average volume of 639,036. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The stock has a market capitalization of $24.83 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.67 and a beta of 1.55. The business's 50-day moving average price is $105.97 and its 200-day moving average price is $121.59. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $2.89 by ($1.20). The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. On average, research analysts expect that Ryanair Holdings plc will post 7.35 EPS for the current fiscal year.

Ryanair Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 9th were given a $0.692 dividend. This represents a yield of 1.8%. The ex-dividend date was Friday, September 13th. Ryanair's dividend payout ratio is 28.40%.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several analyst reports. Sanford C. Bernstein reduced their price target on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Citigroup upgraded shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 2nd. Barclays lowered shares of Ryanair from an "overweight" rating to an "equal weight" rating in a research report on Friday, June 21st. The Goldman Sachs Group upgraded shares of Ryanair to a "strong-buy" rating in a research report on Friday, August 9th. Finally, HSBC lowered shares of Ryanair from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.67.

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.