Baillie Gifford & Co. Cuts Holdings in Ryanair Holdings PLC $RYAAY

Baillie Gifford & Co. lowered its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,485,567 shares of the transportation company’s stock after selling 2,334,486 shares during the period. Baillie Gifford & Co. owned about 2.55% of Ryanair worth $812,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in Ryanair by 658.1% in 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. JPMorgan Chase & Co. raised its holdings in shares of Ryanair by 23.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,800,393 shares of the transportation company’s stock valued at $161,499,000 after purchasing an additional 539,256 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Ryanair by 43.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,423,685 shares of the transportation company’s stock worth $82,104,000 after purchasing an additional 428,932 shares during the last quarter. Ovata Capital Management Ltd acquired a new position in shares of Ryanair during the second quarter worth $24,705,000. Finally, HBK Investments L P purchased a new position in Ryanair in the second quarter valued at $24,442,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Trading Up 0.1%

RYAAY opened at $70.97 on Friday. The firm has a market cap of $37.26 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $74.24. The business’s 50 day moving average is $69.03 and its two-hundred day moving average is $64.09. 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 (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, November 3rd. The transportation company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.14. The business 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%. On average, research analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, January 16th will be given a dividend of $0.4545 per share. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is presently 13.65%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Thursday, January 8th. Wall Street Zen raised Ryanair from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.