Lincoln National Corp Buys New Shares in Ryanair Holdings plc (NASDAQ:RYAAY)

Lincoln National Corp bought a new stake in Ryanair Holdings plc (NASDAQ:RYAAYFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,292 shares of the transportation company’s stock, valued at approximately $320,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. acquired a new stake in Ryanair in the second quarter valued at $76,000. CWM LLC lifted its stake in Ryanair by 274.6% in the second quarter. CWM LLC now owns 266 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 195 shares during the last quarter. Fifth Third Bancorp lifted its stake in Ryanair by 5,957.1% in the second quarter. Fifth Third Bancorp now owns 424 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 417 shares during the last quarter. Barclays PLC acquired a new stake in Ryanair in the second quarter valued at $77,000. Finally, First Horizon Advisors Inc. lifted its stake in Ryanair by 818.5% in the first quarter. First Horizon Advisors Inc. now owns 744 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 663 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

NASDAQ RYAAY opened at $133.60 on Thursday. Ryanair Holdings plc has a 52-week low of $86.36 and a 52-week high of $136.29. The stock has a market cap of $30.46 billion, a PE ratio of 13.76, a P/E/G ratio of 1.01 and a beta of 1.55. The firm has a 50-day moving average of $126.91 and a 200-day moving average of $109.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.00.

Ryanair (NASDAQ:RYAAYGet Free Report) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $7.21 EPS for the quarter, topping analysts’ consensus estimates of $7.13 by $0.08. Ryanair had a net margin of 15.64% and a return on equity of 29.39%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.14 billion. On average, sell-side analysts anticipate that Ryanair Holdings plc will post 9.01 EPS for the current year.

Ryanair Dividend Announcement

The firm also recently declared a Variable dividend, which will be paid on Monday, March 11th. Investors of record on Friday, January 19th will be given a dividend of $0.94 per share. This represents a yield of 1%. The ex-dividend date is Thursday, January 18th. Ryanair’s dividend payout ratio is 7.21%.

Analysts Set New Price Targets

A number of analysts have commented on RYAAY shares. Raymond James increased their price target on shares of Ryanair from $140.00 to $162.00 and gave the company a “strong-buy” rating in a research note on Monday, December 18th. StockNews.com cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. TheStreet upgraded shares of Ryanair from a “c” rating to a “b” rating in a research note on Friday, December 1st. Finally, Evercore ISI cut shares of Ryanair from an “outperform” rating to an “in-line” rating and set a $140.00 target price for the company. in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.00.

Read Our Latest Stock Analysis on RYAAY

Ryanair Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ryanair (NASDAQ:RYAAY)

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