Diversified Trust Co Lowers Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Diversified Trust Co reduced its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 21,374 shares of the transportation company’s stock after selling 2,204 shares during the quarter. Diversified Trust Co’s holdings in Ryanair were worth $2,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Artemis Investment Management LLP grew its stake in shares of Ryanair by 19.8% in the second quarter. Artemis Investment Management LLP now owns 571,477 shares of the transportation company’s stock worth $66,543,000 after purchasing an additional 94,393 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Ryanair by 7.8% in the second quarter. QRG Capital Management Inc. now owns 43,090 shares of the transportation company’s stock worth $5,017,000 after purchasing an additional 3,109 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 215 shares in the last quarter. Cetera Advisors LLC boosted its position in Ryanair by 28.4% during the 1st quarter. Cetera Advisors LLC now owns 1,953 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 432 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Ryanair during the 1st quarter valued at approximately $209,000. 43.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on RYAAY. Citigroup raised Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft cut Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, HSBC lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ryanair has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Ryanair Stock Performance

RYAAY traded down $0.41 during mid-day trading on Wednesday, reaching $102.64. 58,353 shares of the company traded hands, compared to its average volume of 651,761. The stock has a market capitalization of $23.17 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.36 and a beta of 1.55. 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 company’s fifty day moving average price is $111.78 and its 200-day moving average price is $128.18. Ryanair Holdings plc has a 52-week low of $87.18 and a 52-week high of $150.73.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data 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 net margin of 12.07% and a return on equity of 20.43%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. On average, sell-side analysts expect that Ryanair Holdings plc will post 7.95 EPS for the current year.

Ryanair Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 9th will be issued a $0.692 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 13th. Ryanair’s dividend payout ratio is currently 20.50%.

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.