Coronation Fund Managers Ltd. Increases Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Coronation Fund Managers Ltd. raised its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 730,732 shares of the transportation company’s stock after purchasing an additional 126,618 shares during the quarter. Ryanair accounts for 1.9% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 20th biggest holding. Coronation Fund Managers Ltd. owned about 0.14% of Ryanair worth $31,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RYAAY. Massachusetts Financial Services Co. MA increased its position in Ryanair by 188.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 27,263,436 shares of the transportation company’s stock worth $1,231,762,000 after purchasing an additional 17,810,361 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Ryanair by 175.7% in the third quarter. Baillie Gifford & Co. now owns 23,548,902 shares of the transportation company’s stock valued at $1,063,939,000 after buying an additional 15,008,023 shares in the last quarter. FMR LLC boosted its stake in shares of Ryanair by 35.3% in the third quarter. FMR LLC now owns 8,734,646 shares of the transportation company’s stock valued at $394,631,000 after buying an additional 2,279,679 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Ryanair by 169.7% in the third quarter. Janus Henderson Group PLC now owns 6,305,368 shares of the transportation company’s stock valued at $284,893,000 after acquiring an additional 3,967,436 shares during the period. Finally, Metropolis Capital Ltd lifted its holdings in Ryanair by 14.7% in the fourth quarter. Metropolis Capital Ltd now owns 4,593,130 shares of the transportation company’s stock valued at $200,215,000 after acquiring an additional 587,023 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

RYAAY stock opened at $46.01 on Monday. The stock’s 50 day moving average price is $44.73 and its 200 day moving average price is $65.36. The firm has a market cap of $24.87 billion, a P/E ratio of 14.10, a PEG ratio of 2.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 0.86. Ryanair Holdings plc has a 1 year low of $36.96 and a 1 year high of $60.29.

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

Ryanair Announces Dividend

The company also recently disclosed 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 is Friday, January 17th. Ryanair’s payout ratio is 30.66%.

Analysts Set New Price Targets

RYAAY has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Thursday. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. Finally, UBS Group raised Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.