Geode Capital Management LLC Purchases 414,595 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Geode Capital Management LLC increased its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 171.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 656,244 shares of the transportation company's stock after buying an additional 414,595 shares during the quarter. Geode Capital Management LLC owned about 0.12% of Ryanair worth $29,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RYAAY. Paradigm Asset Management Co. LLC lifted its position in Ryanair by 87.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock valued at $34,000 after acquiring an additional 350 shares in the last quarter. Signaturefd LLC raised its stake in shares of 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 during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ryanair by 261.5% in the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock valued at $40,000 after purchasing an additional 646 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Ryanair during the third quarter valued at approximately $57,000. Finally, Mather Group LLC. boosted its position in shares of Ryanair by 151.8% during the third quarter. Mather Group LLC. now owns 1,629 shares of the transportation company's stock valued at $74,000 after buying an additional 982 shares during the last quarter. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

NASDAQ:RYAAY traded up $0.15 during trading hours on Friday, reaching $44.07. The stock had a trading volume of 661,058 shares, compared to its average volume of 1,556,882. The stock has a market cap of $23.89 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.62 and a beta of 1.51. The stock has a 50 day simple moving average of $44.88 and a 200 day simple moving average of $80.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.91 by ($0.09). The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter in the prior year, the firm posted $2.88 earnings per share. On average, research analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Monday, March 10th. Investors 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 of this dividend is Friday, January 17th. Ryanair's payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of research firms recently commented on RYAAY. StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. Sanford C. Bernstein reduced their price objective on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Finally, UBS Group upgraded shares of Ryanair from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Ryanair currently has an average rating of "Moderate Buy" and an average target price of $151.00.

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.