Creative Planning Sells 307 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

Creative Planning decreased its position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,632 shares of the transportation company’s stock after selling 307 shares during the period. Creative Planning’s holdings in Ryanair were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Ryanair in the 1st quarter valued at $29,000. GAMMA Investing LLC increased its stake 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 buying an additional 75 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Ryanair by 256.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Ryanair in the 1st quarter valued at about $50,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Ryanair during the second quarter worth approximately $50,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Price Performance

NASDAQ RYAAY opened at $43.53 on Monday. The firm’s fifty day simple moving average is $94.89 and its two-hundred day simple moving average is $114.25. The firm has a market capitalization of $23.81 billion, a P/E ratio of 14.21, a P/E/G ratio of 2.50 and a beta of 1.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. Ryanair Holdings plc has a 12-month low of $34.87 and a 12-month high of $60.29.

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 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 business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Analysts forecast that Ryanair Holdings plc will post 2.97 EPS for the current fiscal year.

Ryanair Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Investors of record on Friday, August 9th were given a $0.692 dividend. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, September 13th. Ryanair’s payout ratio is currently 33.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RYAAY. Hsbc Global Res upgraded Ryanair to a “hold” rating in a report on Friday, July 12th. Citigroup raised Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Sanford C. Bernstein decreased their price objective on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. UBS Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. Finally, HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.