Ryanair Holdings PLC $RYAAY Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP trimmed its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,735,598 shares of the transportation company’s stock after selling 249,150 shares during the quarter. Ryanair comprises 15.3% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 2nd biggest position. Trinity Street Asset Management LLP owned 0.71% of Ryanair worth $224,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eagle Global Advisors LLC lifted its position in shares of Ryanair by 2.9% during the third quarter. Eagle Global Advisors LLC now owns 70,000 shares of the transportation company’s stock worth $4,215,000 after purchasing an additional 2,000 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Ryanair by 7.3% in the 3rd quarter. Versant Capital Management Inc now owns 4,734 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 324 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Ryanair by 629.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,983 shares of the transportation company’s stock worth $119,000 after buying an additional 1,711 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Ryanair by 2.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock worth $484,000 after acquiring an additional 225 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Ryanair by 4.8% in the third quarter. Benjamin Edwards Inc. now owns 6,112 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 278 shares during the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $69.00 on Friday. The business has a 50 day simple moving average of $68.37 and a 200-day simple moving average of $63.60. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $74.24. The company has a market capitalization of $36.22 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, November 3rd. The transportation company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.14. Ryanair had a return on equity of 31.32% and a net margin of 16.29%.The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $5.44 billion. As a group, equities research analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current year.

Ryanair Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, January 16th will be issued a $0.4545 dividend. The ex-dividend date of this dividend is Friday, January 16th. Ryanair’s dividend payout ratio (DPR) is 13.85%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ryanair in a report on Monday, December 29th. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.