Alliancebernstein L.P. Trims Stake in Ryanair Holdings PLC $RYAAY

Alliancebernstein L.P. lowered its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,336,971 shares of the transportation company’s stock after selling 132,077 shares during the period. Alliancebernstein L.P. owned approximately 0.44% of Ryanair worth $140,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of RYAAY. Blue Trust Inc. lifted its stake in shares of Ryanair by 3.8% during the 3rd quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock worth $304,000 after acquiring an additional 186 shares during the last quarter. Evelyn Partners Investment Management Services Ltd boosted its stake in shares of Ryanair by 40.4% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 202 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Ryanair by 3.9% during the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 217 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Ryanair by 2.9% in the third quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock worth $484,000 after purchasing an additional 225 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Ryanair by 3.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 6,623 shares of the transportation company’s stock worth $399,000 after buying an additional 247 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RYAAY shares. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a research note on Thursday, January 8th. Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. Sanford C. Bernstein restated a “market perform” rating and set a $71.00 price objective on shares of Ryanair in a report on Tuesday, January 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Ryanair Price Performance

NASDAQ RYAAY opened at $62.14 on Tuesday. The firm’s fifty day simple moving average is $67.24 and its two-hundred day simple moving average is $65.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The firm has a market capitalization of $32.51 billion, a P/E ratio of 12.48, a P/E/G ratio of 0.58 and a beta of 1.22.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. Ryanair had a return on equity of 29.76% and a net margin of 15.04%.The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. Analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th were issued a $0.4545 dividend. The ex-dividend date of this dividend was Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is currently 14.26%.

Ryanair Profile

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.