Ryanair Holdings plc (NASDAQ:RYAAY) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 96.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,934 shares of the transportation company’s stock after selling 100,039 shares during the period. Ninety One UK Ltd’s holdings in Ryanair were worth $458,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RYAAY. GAMMA Investing LLC grew its position in Ryanair by 44.9% during the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after buying an additional 75 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ryanair by 25.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock worth $133,000 after buying an additional 187 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Ryanair in the 1st quarter worth about $29,000. Verdence Capital Advisors LLC increased its holdings in Ryanair by 2.5% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,795 shares of the transportation company’s stock valued at $1,280,000 after acquiring an additional 211 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Ryanair by 0.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock worth $2,939,000 after acquiring an additional 212 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Ryanair Trading Down 0.2 %

Shares of RYAAY traded down $0.24 during trading hours on Tuesday, hitting $102.93. The stock had a trading volume of 225,283 shares, compared to its average volume of 647,764. Ryanair Holdings plc has a 12-month low of $87.18 and a 12-month high of $150.73. The firm has a market cap of $23.24 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.32 and a beta of 1.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty day simple moving average is $110.18 and its 200 day simple moving average is $127.26.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Equities research analysts forecast that Ryanair Holdings plc will post 7.95 EPS for the current fiscal year.

Ryanair Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 9th will be given a dividend of $0.692 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several research firms have recently commented on RYAAY. HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. UBS Group cut Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Hsbc Global Res upgraded Ryanair to a “hold” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Citigroup upgraded Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

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.