New York State Common Retirement Fund Purchases 27,317 Shares of Ryanair Holdings PLC $RYAAY

New York State Common Retirement Fund grew its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 53.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,392 shares of the transportation company’s stock after buying an additional 27,317 shares during the quarter. New York State Common Retirement Fund’s holdings in Ryanair were worth $4,721,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. USA Financial Formulas acquired a new position in Ryanair during the third quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its holdings in shares of Ryanair by 250.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock worth $34,000 after buying an additional 424 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Ryanair during the 2nd quarter worth $39,000. Global Retirement Partners LLC boosted its stake in Ryanair by 68.1% in the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock valued at $41,000 after buying an additional 277 shares in the last quarter. Finally, Evelyn Partners Investment Management Services Ltd grew its position in Ryanair by 40.4% in the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

Ryanair stock opened at $68.61 on Friday. The stock’s 50 day moving average is $70.07 and its 200 day moving average is $64.91. Ryanair Holdings PLC has a one year low of $38.52 and a one year high of $74.24. The firm has a market cap of $36.02 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. As a group, research analysts expect that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio is 14.26%.

Analyst Ratings Changes

A number of research firms have recently commented on RYAAY. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Thursday, October 23rd. Zacks Research upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $73.50.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.