State Street Corp Buys 99,268 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

State Street Corp lifted its stake in Ryanair Holdings plc (NASDAQ:RYAAY - Free Report) by 53.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,808 shares of the transportation company's stock after acquiring an additional 99,268 shares during the quarter. State Street Corp owned approximately 0.05% of Ryanair worth $12,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Paradigm Asset Management Co. LLC boosted its position in Ryanair by 87.5% during the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company's stock valued at $34,000 after purchasing an additional 350 shares during the last quarter. GAMMA Investing LLC raised its holdings in Ryanair by 261.5% during the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company's stock valued at $40,000 after buying an additional 646 shares in the last quarter. Signaturefd LLC raised its holdings in Ryanair by 153.1% during the third quarter. Signaturefd LLC now owns 891 shares of the transportation company's stock valued at $40,000 after buying an additional 539 shares in the last quarter. Ridgewood Investments LLC bought a new position in Ryanair during the second quarter valued at about $50,000. Finally, Fortitude Family Office LLC bought a new position in Ryanair during the third quarter valued at about $57,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Price Performance

Shares of RYAAY traded down $0.33 on Thursday, hitting $43.92. The company's stock had a trading volume of 390,009 shares, compared to its average volume of 1,560,480. The company has a market capitalization of $23.81 billion, a PE ratio of 14.64, a PEG ratio of 2.62 and a beta of 1.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The company has a 50 day moving average price of $44.93 and a 200 day moving average price of $81.39.

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

Ryanair Dividend Announcement

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

Analyst Ratings Changes

RYAAY has been the topic of a number of recent research reports. Barclays raised Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. UBS Group raised Ryanair from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. StockNews.com raised Ryanair from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, Sanford C. Bernstein decreased their price objective on Ryanair from $149.00 to $147.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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.