QRG Capital Management Inc. Has $2.52 Million Position in Ryanair Holdings PLC $RYAAY

QRG Capital Management Inc. decreased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 41,855 shares of the transportation company’s stock after selling 30,177 shares during the period. QRG Capital Management Inc.’s holdings in Ryanair were worth $2,520,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in Ryanair in the third quarter valued at about $26,000. Financial Management Professionals Inc. bought a new stake in shares of Ryanair in the 2nd quarter valued at about $31,000. Parkside Financial Bank & Trust raised its position in shares of Ryanair by 250.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 593 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 424 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Ryanair during the second quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC grew its holdings in Ryanair by 68.1% during the third quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

NASDAQ:RYAAY opened at $68.28 on Tuesday. The stock’s 50-day simple moving average is $68.54 and its 200 day simple moving average is $63.83. Ryanair Holdings PLC has a 52-week low of $38.52 and a 52-week high of $74.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $35.85 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.69 and a beta of 1.25.

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

Ryanair Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.4545 per share. The ex-dividend date is Friday, January 16th. Ryanair’s payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RYAAY. Wall Street Zen raised shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein downgraded shares of Ryanair from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ryanair in a research report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research note on Monday, December 15th. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

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.