Russell Investments Group Ltd. Sells 38,054 Shares of Ryanair Holdings PLC $RYAAY

Russell Investments Group Ltd. reduced its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 953,741 shares of the transportation company’s stock after selling 38,054 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ryanair were worth $57,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RYAAY. Blue Trust Inc. grew its stake in Ryanair by 3.8% during the third quarter. Blue Trust Inc. now owns 5,043 shares of the transportation company’s stock worth $304,000 after buying an additional 186 shares in the last quarter. Evelyn Partners Investment Management Services Ltd increased its holdings in Ryanair by 40.4% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 702 shares of the transportation company’s stock worth $44,000 after purchasing an additional 202 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Ryanair by 3.9% in the second quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock valued at $336,000 after buying an additional 217 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Ryanair by 2.9% during the third quarter. Venturi Wealth Management LLC now owns 8,042 shares of the transportation company’s stock valued at $484,000 after acquiring an additional 225 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Ryanair by 68.1% during the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the transportation company’s stock worth $41,000 after purchasing an additional 277 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

NASDAQ RYAAY opened at $63.89 on Wednesday. The company has a 50-day simple moving average of $68.08 and a two-hundred day simple moving average of $65.12. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12-month low of $38.52 and a 12-month high of $74.24. The firm has a market cap of $33.50 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.60 and a beta of 1.22.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, January 26th. The transportation company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.16 billion. Ryanair had a net margin of 15.04% and a return on equity of 29.76%. On average, equities analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, January 16th were paid a $0.4545 dividend. The ex-dividend date was Friday, January 16th. Ryanair’s payout ratio is presently 14.26%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 24th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Thursday, January 15th. Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $71.00 target price on shares of Ryanair in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

Ryanair Company 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.