SYSTM Wealth Solutions LLC Sells 878 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

SYSTM Wealth Solutions LLC lowered its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 37.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,490 shares of the transportation company’s stock after selling 878 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Ryanair were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Ryanair in the first quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in Ryanair by 44.9% in the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after purchasing an additional 75 shares during the period. EverSource Wealth Advisors LLC lifted its position in Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 215 shares in the last quarter. Principal Securities Inc. bought a new stake in Ryanair during the fourth quarter valued at about $41,000. Finally, Advisors Asset Management Inc. purchased a new stake in Ryanair in the first quarter worth about $50,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

RYAAY opened at $110.21 on Thursday. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.40 and a beta of 1.55. Ryanair Holdings plc has a fifty-two week low of $87.18 and a fifty-two week high of $150.73. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average of $106.51 and a 200 day moving average of $122.69.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($1.20). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. As a group, sell-side analysts forecast that Ryanair Holdings plc will post 7.95 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, August 9th will be issued a $0.692 dividend. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is presently 28.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Citigroup raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. UBS Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Sanford C. Bernstein decreased their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Seven research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Ryanair currently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Ryanair 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.