Ryanair Holdings PLC $RYAAY Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,897 shares of the transportation company’s stock after selling 4,402 shares during the quarter. Inspire Investing LLC’s holdings in Ryanair were worth $2,416,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Ryanair in the second quarter valued at approximately $31,000. Golden State Wealth Management LLC boosted its holdings in shares of 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 period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Ryanair by 1,158.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 938 shares during the period. CWM LLC raised its stake in shares of Ryanair by 39.8% during the first quarter. CWM LLC now owns 1,191 shares of the transportation company’s stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Finally, Maseco LLP purchased a new stake in shares of Ryanair during the second quarter worth approximately $53,000. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Trading Up 0.2%

NASDAQ:RYAAY opened at $60.35 on Friday. The stock has a fifty day moving average price of $61.43 and a two-hundred day moving average price of $55.70. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66. Ryanair Holdings PLC has a 1 year low of $38.52 and a 1 year high of $67.18.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.25. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. As a group, sell-side analysts anticipate that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Increases Dividend

The company also recently announced a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, August 8th were issued a $0.534 dividend. This is a positive change from Ryanair’s previous special dividend of $0.47. The ex-dividend date of this dividend was Friday, September 12th. Ryanair’s dividend payout ratio is currently 16.90%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RYAAY. Raymond James Financial restated a “strong-buy” rating and set a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. The Goldman Sachs Group cut Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ryanair in a research note on Wednesday. Zacks Research cut Ryanair from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded Ryanair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $76.00.

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.