W.G. Shaheen & Associates DBA Whitney & Co Sells 1,745 Shares of Ryanair Holdings plc (NASDAQ:RYAAY)

W.G. Shaheen & Associates DBA Whitney & Co lessened its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,911 shares of the transportation company’s stock after selling 1,745 shares during the period. Ryanair accounts for 1.4% of W.G. Shaheen & Associates DBA Whitney & Co’s holdings, making the stock its 25th biggest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Ryanair were worth $12,332,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RYAAY. Capital International Investors grew its position in shares of Ryanair by 34.9% in the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock valued at $2,099,700,000 after purchasing an additional 3,734,770 shares during the last quarter. Capital World Investors grew its holdings in Ryanair by 30.0% in the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock valued at $1,759,590,000 after buying an additional 2,791,513 shares in the last quarter. Metropolis Capital Ltd increased its position in Ryanair by 33.3% during the 2nd quarter. Metropolis Capital Ltd now owns 1,444,041 shares of the transportation company’s stock worth $168,144,000 after buying an additional 360,917 shares during the period. Boston Partners lifted its holdings in shares of Ryanair by 4.4% during the fourth quarter. Boston Partners now owns 1,180,056 shares of the transportation company’s stock worth $157,372,000 after buying an additional 49,280 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in shares of Ryanair by 58.7% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,065,800 shares of the transportation company’s stock valued at $142,135,000 after acquiring an additional 394,300 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Trading Up 1.6 %

Shares of RYAAY stock opened at $111.46 on Friday. Ryanair Holdings plc has a 1-year low of $87.18 and a 1-year high of $150.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.46 and a beta of 1.55. The stock has a 50-day moving average of $108.17 and a 200-day moving average of $125.39.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Monday, July 22nd. The transportation company reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($1.20). The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. On average, equities research analysts forecast that Ryanair Holdings plc will post 7.95 earnings per share for the current year.

Ryanair Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays cut shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Citigroup upgraded Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Hsbc Global Res upgraded Ryanair to a “hold” rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft cut Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, UBS Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Seven 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

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.