Ryanair Holdings PLC $RYAAY Stock Position Lowered by Artemis Investment Management LLP

Artemis Investment Management LLP cut its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 55.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 457,262 shares of the transportation company’s stock after selling 565,889 shares during the period. Artemis Investment Management LLP’s holdings in Ryanair were worth $25,154,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RYAAY. Janus Henderson Group PLC increased its stake in Ryanair by 3.3% during the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after acquiring an additional 185,110 shares during the last quarter. Wellington Management Group LLP increased its holdings in Ryanair by 0.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,007,671 shares of the transportation company’s stock valued at $259,497,000 after purchasing an additional 14,074 shares during the last quarter. Trinity Street Asset Management LLP raised its position in Ryanair by 3.2% in the second quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock valued at $230,992,000 after purchasing an additional 110,700 shares during the period. Metropolis Capital Ltd raised its position in Ryanair by 10.8% in the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after purchasing an additional 385,444 shares during the period. Finally, Sei Investments Co. lifted its stake in Ryanair by 34.3% during the first quarter. Sei Investments Co. now owns 2,172,317 shares of the transportation company’s stock worth $125,560,000 after purchasing an additional 555,029 shares in the last quarter. 43.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RYAAY shares. Zacks Research cut Ryanair from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $74.00 price objective on shares of Ryanair in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.97.

Ryanair Stock Down 3.4%

NASDAQ RYAAY traded down $1.89 during trading hours on Thursday, hitting $54.11. 1,486,612 shares of the company were exchanged, compared to its average volume of 1,459,010. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 4.31 and a beta of 1.19. The company has a 50 day moving average of $56.04 and a two-hundred day moving average of $58.53. Ryanair Holdings PLC has a 52-week low of $51.68 and a 52-week high of $74.24.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities research analysts predict that Ryanair Holdings PLC will post 3.99 EPS for the current year.

Ryanair Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Friday, August 7th were paid a $0.4434 dividend. Ryanair’s dividend payout ratio is currently 28.37%.

Ryanair Profile

Ryanair Holdings plc is an Ireland-based airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair DAC, Malta Air, Buzz, Lauda and Ryanair UK, the group provides point-to-point air travel connecting cities and regional airports in Europe and selected destinations in North Africa.

The company’s core business is the sale of airline tickets, supported by ancillary services such as priority boarding, reserved seating, checked baggage, onboard food and beverages, travel insurance and car-hire or accommodation-related offerings.