Sprucegrove Investment Management Ltd. Sells 1,033,700 Shares of Ryanair Holdings PLC (NASDAQ:RYAAY)
Sprucegrove Investment Management Ltd. reduced its stake in Ryanair Holdings PLC by 12.2%, selling 1,033,700 shares in the first quarter. After the sale, it holds 7,423,000 shares, making Ryanair its largest investment at 27% of its portfolio, valued at $314.5 million. Other institutional investors also adjusted their holdings in Ryanair. The stock opened at $66.63, with a market cap of $35.33 billion and a PE ratio of 15.64. Ryanair recently increased its dividend to $0.534 per share, with a yield of 120%.
Sprucegrove Investment Management Ltd. lowered its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,423,000 shares of the transportation company's stock after selling 1,033,700 shares during the quarter. Ryanair comprises about 27.0% of Sprucegrove Investment Management Ltd.'s investment portfolio, making the stock its largest position. Sprucegrove Investment Management Ltd. owned 1.40% of Ryanair worth $314,513,000 at the end of the most recent quarter.
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Several other institutional investors also recently modified their holdings of RYAAY. Golden State Wealth Management LLC lifted its stake in Ryanair by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after acquiring an additional 481 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Ryanair during the first quarter worth about $48,000. CWM LLC raised its stake in Ryanair by 39.8% in the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock valued at $50,000 after buying an additional 339 shares during the period. GAMMA Investing LLC lifted its position in shares of Ryanair by 13.2% in the first quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock valued at $97,000 after buying an additional 265 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of Ryanair by 27.7% during the 4th quarter. State of Wyoming now owns 4,565 shares of the transportation company's stock worth $199,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 43.66% of the company's stock.
Ryanair Trading Up 1.2%
NASDAQ:RYAAY opened at $66.63 on Friday. The company has a quick ratio of 0.66, a current 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. The stock's 50 day moving average price is $59.65 and its 200 day moving average price is $51.85. The company has a market capitalization of $35.33 billion, a PE ratio of 15.64, a P/E/G ratio of 1.09 and a beta of 1.36.
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Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.49 by $0.25. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, research analysts anticipate that Ryanair Holdings PLC will post 3.09 EPS for the current year.
Ryanair Increases Dividend
The firm also recently announced a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.534 per share. This is an increase from Ryanair's previous -- dividend of $0.47. The ex-dividend date is Friday, September 12th. This represents a dividend yield of 120.0%. Ryanair's dividend payout ratio (DPR) is currently 23.47%.
Analyst Ratings Changes
- Is Ryanair Overbought? Earnings Say Not Likely
A number of analysts have recently commented on RYAAY shares. Citigroup reissued a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Raymond James Financial restated a "strong-buy" rating and set a $76.00 price objective (up from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Ryanair currently has an average rating of "Buy" and an average price target of $111.50.
Get Our Latest Stock Analysis on Ryanair
Ryanair Company Profile
(Free Report)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.
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