Covenant Partners LLC Purchases 6,393 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Covenant Partners LLC lifted its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 150.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,655 shares of the transportation company’s stock after purchasing an additional 6,393 shares during the quarter. Covenant Partners LLC’s holdings in Ryanair were worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RYAAY. Transcendent Capital Group LLC purchased a new stake in Ryanair during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Ryanair during the first quarter worth about $50,000. Ridgewood Investments LLC bought a new stake in shares of Ryanair in the second quarter worth about $50,000. Finally, Signaturefd LLC increased its holdings in Ryanair by 153.1% during the 3rd quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of Ryanair stock traded up $0.47 during trading on Friday, hitting $45.06. 907,679 shares of the company’s stock traded hands, compared to its average volume of 1,624,243. Ryanair Holdings plc has a 1 year low of $34.87 and a 1 year high of $60.29. The business has a 50-day simple moving average of $83.66 and a 200-day simple moving average of $107.70. The stock has a market capitalization of $10.17 billion, a P/E ratio of 4.94, a PEG ratio of 2.63 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Ryanair Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 9th were given a dividend of $0.692 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is 11.29%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RYAAY. Sanford C. Bernstein cut their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Ryanair 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.