Coronation Fund Managers Ltd. Lowers Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Coronation Fund Managers Ltd. lessened its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 73.2% during the second quarter, Holdings Channel reports. The firm owned 160,914 shares of the transportation company’s stock after selling 439,657 shares during the period. Coronation Fund Managers Ltd.’s holdings in Ryanair were worth $18,737,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RYAAY. Capital International Investors increased its stake in Ryanair by 34.9% in the 1st quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after buying an additional 3,734,770 shares during the last quarter. Capital World Investors raised its position in Ryanair by 30.0% in the first quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock worth $1,759,590,000 after acquiring an additional 2,791,513 shares during the period. Massachusetts Financial Services Co. MA raised its position in Ryanair by 2.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock worth $1,100,716,000 after acquiring an additional 183,584 shares during the period. Sprucegrove Investment Management Ltd. boosted its stake in Ryanair by 13.2% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after acquiring an additional 368,800 shares during the last quarter. Finally, Metropolis Capital Ltd grew its position in shares of Ryanair by 33.3% during the 2nd quarter. Metropolis Capital Ltd now owns 1,444,041 shares of the transportation company’s stock valued at $168,144,000 after acquiring an additional 360,917 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

NASDAQ:RYAAY opened at $44.35 on Wednesday. The stock has a fifty day moving average of $103.92 and a 200 day moving average of $120.01. Ryanair Holdings plc has a 52-week low of $34.87 and a 52-week high of $60.29. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 4.86, a P/E/G ratio of 2.63 and a beta of 1.55. 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 (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($1.20). The company 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%. On average, research analysts expect that Ryanair Holdings plc will post 7.35 EPS for the current fiscal year.

Ryanair Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on RYAAY shares. The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Hsbc Global Res raised Ryanair to a “hold” rating in a research report on Friday, July 12th. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Sanford C. Bernstein dropped their price objective on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. 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’s stock. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and an average price target of $154.67.

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.