DAVENPORT & Co LLC Reduces Stock Holdings in Ryanair Holdings PLC $RYAAY

DAVENPORT & Co LLC cut its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,860 shares of the transportation company’s stock after selling 197 shares during the quarter. DAVENPORT & Co LLC’s holdings in Ryanair were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. increased its holdings in Ryanair by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 72,032 shares of the transportation company’s stock worth $4,154,000 after purchasing an additional 5,226 shares during the last quarter. Ascent Group LLC purchased a new stake in Ryanair during the 2nd quarter worth approximately $295,000. Hilltop National Bank purchased a new stake in Ryanair during the 2nd quarter worth approximately $66,000. Metropolis Capital Ltd increased its holdings in Ryanair by 0.8% during the 2nd quarter. Metropolis Capital Ltd now owns 4,790,231 shares of the transportation company’s stock worth $276,253,000 after purchasing an additional 36,559 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in Ryanair during the 2nd quarter worth approximately $31,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of several analyst reports. Zacks Research downgraded Ryanair from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen upgraded Ryanair from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 4th. Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a report on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $76.00 target price (up previously from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lowered Ryanair from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Buy” and a consensus target price of $76.00.

Ryanair Price Performance

Shares of RYAAY opened at $60.35 on Monday. The firm has a market cap of $31.87 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.68 and a beta of 1.38. The stock has a 50 day moving average of $61.43 and a 200-day moving average of $55.84. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 52 week low of $38.52 and a 52 week high of $67.18.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.16 billion. As a group, analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, September 25th. Investors of record on Friday, August 8th were given a dividend of $0.534 per share. The ex-dividend date was Friday, September 12th. This is an increase from Ryanair’s previous special dividend of $0.47. Ryanair’s payout ratio is presently 16.67%.

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.