Ryanair Holdings PLC $RYAAY Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,425 shares of the transportation company’s stock after selling 2,293 shares during the quarter. Truist Financial Corp’s holdings in Ryanair were worth $428,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Ryanair by 26.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company’s stock worth $327,000 after purchasing an additional 1,621 shares during the period. Farther Finance Advisors LLC raised its position in Ryanair by 1,190.3% during the 1st quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company’s stock worth $249,000 after buying an additional 5,380 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Ryanair by 19.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company’s stock worth $22,310,000 after buying an additional 87,532 shares during the last quarter. Golden State Wealth Management LLC raised its position in Ryanair by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company’s stock worth $41,000 after buying an additional 481 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Ryanair by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 8,094 shares of the transportation company’s stock worth $343,000 after acquiring an additional 206 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RYAAY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th. Oddo Bhf raised Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Finally, Morgan Stanley initiated coverage on shares of Ryanair in a research note on Wednesday. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $76.00.

Ryanair Stock Up 1.4%

Ryanair stock opened at $61.62 on Friday. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $67.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s fifty day moving average is $61.20 and its two-hundred day moving average is $56.17. The firm has a market capitalization of $32.54 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.49 by $0.25. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. Analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.534 per share. This is a positive change from Ryanair’s previous special dividend of $0.47. The ex-dividend date of this dividend was Friday, September 12th. Ryanair’s dividend payout ratio is 16.90%.

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.