CIBC Asset Management Inc Increases Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

CIBC Asset Management Inc raised its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 119.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 209,892 shares of the transportation company’s stock after purchasing an additional 114,271 shares during the period. CIBC Asset Management Inc’s holdings in Ryanair were worth $9,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in Ryanair in the 4th quarter valued at $930,000. Blue Trust Inc. lifted its holdings in Ryanair by 56.3% in the 4th quarter. Blue Trust Inc. now owns 3,847 shares of the transportation company’s stock valued at $168,000 after purchasing an additional 1,385 shares in the last quarter. Coronation Fund Managers Ltd. raised its holdings in shares of Ryanair by 21.0% during the 4th quarter. Coronation Fund Managers Ltd. now owns 730,732 shares of the transportation company’s stock worth $31,853,000 after acquiring an additional 126,618 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Ryanair by 8.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,369 shares of the transportation company’s stock worth $147,000 after acquiring an additional 259 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Ryanair by 172.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company’s stock worth $3,285,000 after acquiring an additional 47,673 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ryanair Stock Up 0.4 %

Shares of RYAAY opened at $45.51 on Wednesday. The firm has a market cap of $24.60 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.50. Ryanair Holdings plc has a 12-month low of $36.96 and a 12-month high of $60.29. The company’s 50-day moving average price is $44.73 and its 200 day moving average price is $62.82. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. On average, sell-side analysts forecast that Ryanair Holdings plc will post 3.09 earnings per share for the current year.

Ryanair Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 17th will be given a $0.4677 dividend. This represents a yield of 4.2%. The ex-dividend date is Friday, January 17th. Ryanair’s dividend payout ratio is currently 30.66%.

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.