Shellback Capital LP Sells 100,000 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Shellback Capital LP decreased its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 83.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,000 shares of the transportation company’s stock after selling 100,000 shares during the quarter. Shellback Capital LP’s holdings in Ryanair were worth $2,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brave Warrior Advisors LLC bought a new stake in shares of Ryanair during the 4th quarter valued at $870,000. Virtu Financial LLC acquired a new stake in Ryanair in the fourth quarter worth $913,000. Putnam Investments LLC boosted its position 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 grew its holdings in shares of Ryanair by 151.3% in the 4th quarter. Quadrature Capital Ltd now owns 14,041 shares of the transportation company’s stock valued at $1,873,000 after buying an additional 8,454 shares during the period. Finally, Artemis Investment Management LLP increased its position in shares of Ryanair by 7.3% in the 1st quarter. Artemis Investment Management LLP now owns 477,084 shares of the transportation company’s stock valued at $69,422,000 after buying an additional 32,511 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on RYAAY shares. UBS Group cut Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a report on Friday, July 12th. Sanford C. Bernstein reduced their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.67.

Ryanair Stock Up 1.4 %

RYAAY stock opened at $117.70 on Friday. The company has a market cap of $26.57 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 2.64 and a beta of 1.55. Ryanair Holdings plc has a twelve month low of $87.18 and a twelve month high of $150.73. The business has a 50 day moving average price of $106.00 and a two-hundred day moving average price of $121.78. The company has a quick ratio of 0.93, a current 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 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 analyst estimates of $4.32 billion. Analysts anticipate that Ryanair Holdings plc will post 7.35 EPS for the current fiscal year.

Ryanair Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 9th were issued a dividend of $0.692 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 13th. 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.