Raymond James & Associates Sells 9,030 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Raymond James & Associates lessened its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,145 shares of the transportation company’s stock after selling 9,030 shares during the period. Raymond James & Associates owned about 0.07% of Ryanair worth $18,880,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Capital World Investors boosted its holdings in shares of Ryanair by 90.8% during the fourth quarter. Capital World Investors now owns 9,294,414 shares of the transportation company’s stock worth $1,239,503,000 after purchasing an additional 4,424,400 shares during the period. Capital International Investors boosted its holdings in shares of Ryanair by 34.9% during the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after buying an additional 3,734,770 shares in the last quarter. Metropolis Capital Ltd grew its position in shares of Ryanair by 93.0% in the 1st quarter. Metropolis Capital Ltd now owns 1,083,124 shares of the transportation company’s stock worth $157,692,000 after buying an additional 521,913 shares during the period. Fiduciary Management Inc. WI grew its stake in shares of Ryanair by 58.7% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,065,800 shares of the transportation company’s stock valued at $142,135,000 after purchasing an additional 394,300 shares during the period. Finally, Hudson Edge Investment Partners Inc. bought a new position in shares of Ryanair in the 4th quarter worth approximately $39,301,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the topic of several recent research reports. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered Ryanair from a “buy” rating to a “hold” rating in a report on Friday, May 24th. HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a research note on Friday, July 12th. Finally, Barclays downgraded shares of Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.50.

Ryanair Stock Down 0.2 %

RYAAY opened at $102.02 on Friday. The company has a market capitalization of $23.03 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.55. The firm has a 50-day simple moving average of $109.17 and a two-hundred day simple moving average of $126.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. Ryanair Holdings plc has a 52 week low of $87.18 and a 52 week high of $150.73.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings results 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 net margin of 12.07% and a return on equity of 20.43%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. Analysts forecast that Ryanair Holdings plc will post 7.95 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

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

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.