Ryanair Holdings PLC $RYAAY Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 72.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the transportation company’s stock after selling 7,848 shares during the quarter. Bayforest Capital Ltd’s holdings in Ryanair were worth $183,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RYAAY. Metropolis Capital Ltd grew its holdings in Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock valued at $276,253,000 after purchasing an additional 36,559 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ryanair by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock worth $161,499,000 after buying an additional 539,256 shares in the last quarter. Baird Financial Group Inc. boosted its position in Ryanair by 43.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock valued at $82,104,000 after buying an additional 428,932 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after acquiring an additional 861,361 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Ryanair by 10.8% during the second quarter. The Manufacturers Life Insurance Company now owns 882,136 shares of the transportation company’s stock valued at $50,873,000 after acquiring an additional 85,738 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RYAAY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research note on Monday, December 15th. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Sanford C. Bernstein cut shares of Ryanair from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Ryanair Trading Down 1.6%

NASDAQ:RYAAY opened at $68.01 on Wednesday. The company has a market cap of $35.70 billion, a PE ratio of 13.08, a P/E/G ratio of 0.70 and a beta of 1.25. The business’s 50 day moving average is $68.18 and its two-hundred day moving average is $63.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, November 3rd. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $5.44 billion. On average, analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be given a $0.4545 dividend. The ex-dividend date is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is presently 13.85%.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.