Raymond James Trust N.A. Cuts Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

Raymond James Trust N.A. reduced its position in Ryanair Holdings plc (NASDAQ:RYAAY) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,547 shares of the transportation company’s stock after selling 272 shares during the period. Raymond James Trust N.A.’s holdings in Ryanair were worth $413,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Ryanair during the 1st quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in shares of Ryanair by 44.9% during the first quarter. GAMMA Investing LLC now owns 242 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Ryanair by 256.0% during the first quarter. EverSource Wealth Advisors LLC now owns 299 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 215 shares during the period. Principal Securities Inc. purchased a new stake in Ryanair in the fourth quarter worth approximately $41,000. Finally, Advisors Asset Management Inc. bought a new stake in Ryanair in the 1st quarter worth approximately $50,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Trading Up 3.8 %

Shares of NASDAQ:RYAAY opened at $108.25 on Wednesday. The stock has a 50 day moving average of $108.47 and a 200 day moving average of $125.81. The company has a market cap of $24.44 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.34 and a beta of 1.55. Ryanair Holdings plc has a 12-month low of $87.18 and a 12-month high of $150.73. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

Ryanair (NASDAQ:RYAAY) last posted 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). The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. As a group, equities research analysts expect that Ryanair Holdings plc will post 7.95 EPS for the current year.

Ryanair Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup raised Ryanair to a “strong-buy” rating in a report on Friday, August 2nd. Hsbc Global Res raised Ryanair to a “hold” rating in a research report on Friday, July 12th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

About Ryanair

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.