Ryanair (NASDAQ:RYAAY) Sees Large Volume Increase – Here’s Why

Ryanair Holdings plc (NASDAQ:RYAAY) saw strong trading volume on Monday . 529,836 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 594,978 shares.The stock last traded at $43.03 and had previously closed at $42.75.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a report on Friday, October 25th. Four equities research 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. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Ryanair Trading Up 0.1 %

The company has a market cap of $23.19 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50. The company’s 50 day moving average price is $44.71 and its 200 day moving average price is $77.44. 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 (NASDAQ:RYAAY) last posted its earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09). Ryanair had a net margin of 11.38% and a return on equity of 19.92%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the business earned $2.88 earnings per share. Research analysts anticipate that Ryanair Holdings plc will post 2.97 EPS for the current 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 given a dividend of $0.4677 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a yield of 4.2%. Ryanair’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Trading of Ryanair

A number of hedge funds and other institutional investors have recently modified their holdings of RYAAY. GAMMA Investing LLC grew its position in shares of Ryanair by 125.4% during the 4th quarter. GAMMA Investing LLC now owns 2,013 shares of the transportation company’s stock worth $88,000 after buying an additional 1,120 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ryanair by 145.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,779,187 shares of the transportation company’s stock valued at $170,744,000 after acquiring an additional 2,240,230 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Ryanair by 142.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,839,384 shares of the transportation company’s stock valued at $81,282,000 after purchasing an additional 1,079,920 shares during the period. Centerstone Investors LLC grew its stake in shares of Ryanair by 54.7% during the third quarter. Centerstone Investors LLC now owns 319,517 shares of the transportation company’s stock worth $14,436,000 after purchasing an additional 112,999 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Ryanair in the third quarter valued at about $141,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

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.