Zions Bancorporation N.A. Trims Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Zions Bancorporation N.A. trimmed its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 29.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,874 shares of the transportation company’s stock after selling 2,069 shares during the quarter. Zions Bancorporation N.A.’s holdings in Ryanair were worth $568,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brave Warrior Advisors LLC bought a new stake in Ryanair during the fourth quarter valued at $870,000. Virtu Financial LLC bought a new stake in shares of Ryanair during the 4th quarter valued at about $913,000. Putnam Investments LLC grew its holdings in shares of Ryanair by 25.0% during the fourth quarter. Putnam Investments LLC now owns 748,293 shares of the transportation company’s stock worth $99,792,000 after purchasing an additional 149,472 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Ryanair by 151.3% in the fourth quarter. Quadrature Capital Ltd now owns 14,041 shares of the transportation company’s stock worth $1,873,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Ryanair in the fourth quarter valued at approximately $305,000. 43.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. UBS Group cut Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Citigroup raised Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Barclays lowered Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Finally, Sanford C. Bernstein decreased their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.67.

Ryanair Stock Up 0.7 %

RYAAY opened at $106.72 on Friday. The company has a market cap of $23.80 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.47 and a beta of 1.55. Ryanair Holdings plc has a 12 month low of $87.18 and a 12 month high of $150.73. The business’s 50-day moving average price is $107.09 and its 200-day moving average price is $123.28. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). Ryanair had a net margin of 12.07% and a return on equity of 20.43%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. On average, equities analysts expect that Ryanair Holdings plc will post 7.95 EPS for the current year.

Ryanair Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 9th will be given a $0.692 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, September 13th. Ryanair’s payout ratio is 20.50%.

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.