1832 Asset Management L.P. Sells 1,650 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

1832 Asset Management L.P. trimmed its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 19.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,980 shares of the transportation company’s stock after selling 1,650 shares during the period. 1832 Asset Management L.P.’s holdings in Ryanair were worth $813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Ryanair in the 1st quarter worth about $29,000. GAMMA Investing LLC raised its position in Ryanair by 44.9% in the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after acquiring an additional 75 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Ryanair by 256.0% in the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 215 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Ryanair during the 1st quarter valued at approximately $50,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of Ryanair during the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays lowered Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. UBS Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a report on Friday, July 12th. Finally, HSBC lowered Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Trading Up 1.4 %

Ryanair stock opened at $117.70 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. Ryanair Holdings plc has a fifty-two week low of $87.18 and a fifty-two week high of $150.73. The stock has a market cap of $26.57 billion, a P/E ratio of 12.91, a PEG ratio of 2.64 and a beta of 1.55. The firm’s fifty day moving average price is $105.96 and its 200-day moving average price is $121.81.

Ryanair (NASDAQ:RYAAY) last announced its earnings results 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). The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. Equities research analysts forecast that Ryanair Holdings plc will post 7.35 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 9th were given a dividend of $0.692 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.8%. Ryanair’s payout ratio is presently 28.40%.

About Ryanair

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.