Envestnet Asset Management Inc. Decreases Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Envestnet Asset Management Inc. reduced its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,591 shares of the transportation company’s stock after selling 39,178 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.08% of Ryanair worth $20,562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RYAAY. Principal Securities Inc. acquired a new stake in Ryanair during the 4th quarter worth $41,000. US Bancorp DE increased its position in shares of Ryanair by 8,416.9% during the fourth quarter. US Bancorp DE now owns 14,649 shares of the transportation company’s stock worth $1,954,000 after purchasing an additional 14,477 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Ryanair in the 4th quarter valued at about $520,000. Catalytic Wealth RIA LLC acquired a new stake in shares of Ryanair in the 4th quarter valued at about $232,000. Finally, Hudson Edge Investment Partners Inc. purchased a new position in Ryanair during the 4th quarter worth approximately $39,301,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Trading Down 1.2 %

NASDAQ RYAAY opened at $113.74 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $25.68 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.61 and a beta of 1.55. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73. The firm has a 50-day moving average price of $106.27 and a 200 day moving average price of $122.24.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, July 22nd. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Equities research analysts expect that Ryanair Holdings plc will post 6.93 EPS for the current year.

Ryanair Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup raised 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. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a research note on Friday, July 12th. Finally, Sanford C. Bernstein dropped their price target on Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Seven 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.