Ridgewood Investments LLC Invests $50,000 in Ryanair Holdings plc (NASDAQ:RYAAY)

Ridgewood Investments LLC purchased a new position in shares of Ryanair Holdings plc (NASDAQ:RYAAY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 428 shares of the transportation company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Ryanair by 44.9% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock worth $35,000 after acquiring an additional 75 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Ryanair by 25.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 187 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Ryanair in the 1st quarter valued at approximately $29,000. Verdence Capital Advisors LLC lifted its stake in Ryanair by 2.5% in the 1st quarter. Verdence Capital Advisors LLC now owns 8,795 shares of the transportation company’s stock valued at $1,280,000 after purchasing an additional 211 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Ryanair by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 25,237 shares of the transportation company’s stock valued at $2,939,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RYAAY. The Goldman Sachs Group upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Sanford C. Bernstein decreased their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a research report on Friday, July 12th. Seven research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

Ryanair Stock Up 0.9 %

Shares of Ryanair stock traded up $0.96 during trading hours on Friday, reaching $110.63. The company’s stock had a trading volume of 110,516 shares, compared to its average volume of 641,385. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s fifty day simple moving average is $108.29 and its two-hundred day simple moving average is $125.69. Ryanair Holdings plc has a one year low of $87.18 and a one year high of $150.73. The company has a market capitalization of $24.98 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.34 and a beta of 1.55.

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

Ryanair Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, August 9th will be issued a dividend of $0.692 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is presently 28.18%.

Ryanair Company Profile

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.