Ryanair (NASDAQ:RYAAY) Sees Strong Trading Volume – Here’s Why

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) saw unusually-strong trading volume on Monday . Approximately 529,836 shares traded hands during 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.

Analyst Ratings Changes

A number of research firms have commented on RYAAY. UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Barclays upgraded shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Ryanair Stock Performance

The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50. The stock has a 50-day moving average of $44.67 and a 200-day moving average of $76.46. 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 issued its quarterly earnings results on Monday, November 4th. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.09). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 19.92%. During the same quarter in the previous year, the firm posted $2.88 earnings per share. As a group, analysts anticipate that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

Ryanair Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 17th will be paid a dividend of $0.4677 per share. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 4.2%. Ryanair’s dividend payout ratio is currently 33.33%.

Hedge Funds Weigh In On Ryanair

Several institutional investors and hedge funds have recently made changes to their positions in RYAAY. Paradigm Asset Management Co. LLC raised its stake in Ryanair by 87.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Ryanair by 261.5% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock worth $40,000 after acquiring an additional 646 shares in the last quarter. Signaturefd LLC increased its stake in Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 539 shares during the last quarter. TD Private Client Wealth LLC raised its position in Ryanair by 148.6% during the third quarter. TD Private Client Wealth LLC now owns 1,186 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 709 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in Ryanair during the third quarter worth $57,000. Institutional investors and hedge funds own 43.66% of the company’s stock.

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.