Artemis Investment Management LLP Lowers Stake in Ryanair Holdings plc (NASDAQ:RYAAY)

Artemis Investment Management LLP cut its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,516,032 shares of the transportation company’s stock after selling 78,742 shares during the period. Artemis Investment Management LLP’s holdings in Ryanair were worth $66,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Ryanair by 826.7% during the second quarter. Mackenzie Financial Corp now owns 621,773 shares of the transportation company’s stock worth $72,399,000 after acquiring an additional 554,680 shares during the last quarter. Scientech Research LLC boosted its holdings in shares of Ryanair by 306.5% during the 2nd quarter. Scientech Research LLC now owns 7,260 shares of the transportation company’s stock valued at $845,000 after purchasing an additional 5,474 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Ryanair by 149.1% in the third quarter. Janney Montgomery Scott LLC now owns 19,055 shares of the transportation company’s stock worth $861,000 after buying an additional 11,404 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in Ryanair during the third quarter valued at approximately $4,067,000. Finally, Natixis Advisors LLC grew its holdings in Ryanair by 12.4% during the 3rd quarter. Natixis Advisors LLC now owns 393,030 shares of the transportation company’s stock valued at $17,757,000 after buying an additional 43,449 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Ryanair Price Performance

Shares of RYAAY stock opened at $41.65 on Friday. The stock has a 50 day moving average price of $44.23 and a 200 day moving average price of $72.66. Ryanair Holdings plc has a 52-week low of $36.96 and a 52-week high of $60.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $22.51 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.92 and a beta of 1.50.

Ryanair (NASDAQ:RYAAY) last released 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). The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.59 billion. Ryanair had a return on equity of 19.92% and a net margin of 11.38%. During the same quarter last year, the business posted $2.88 earnings per share. As a group, sell-side analysts predict that Ryanair Holdings plc will post 2.96 earnings per share for the current year.

Ryanair Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, March 10th. Investors of record on Friday, January 17th will be issued a $0.4677 dividend. The ex-dividend date is Friday, January 17th. This represents a dividend yield of 4.2%. Ryanair’s payout ratio is currently 34.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RYAAY shares. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 25th. StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, UBS Group upgraded Ryanair from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Four investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.00.

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.