Daiwa Securities Group Inc. Reduces Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Daiwa Securities Group Inc. lowered its stake in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 21.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,885 shares of the transportation company’s stock after selling 2,467 shares during the period. Daiwa Securities Group Inc.’s holdings in Ryanair were worth $1,035,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. LGT Fund Management Co Ltd. purchased a new stake in shares of Ryanair during the second quarter worth $265,000. Gallacher Capital Management LLC increased its holdings in shares of Ryanair by 4.1% in the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock worth $442,000 after purchasing an additional 150 shares during the period. Comgest Global Investors S.A.S. increased its holdings in shares of Ryanair by 15.0% in the second quarter. Comgest Global Investors S.A.S. now owns 148,395 shares of the transportation company’s stock worth $17,279,000 after purchasing an additional 19,394 shares during the period. CIBC Asset Management Inc bought a new position in shares of Ryanair in the second quarter worth $5,013,000. Finally, Cortland Associates Inc. MO increased its holdings in shares of Ryanair by 0.3% in the second quarter. Cortland Associates Inc. MO now owns 181,756 shares of the transportation company’s stock worth $21,164,000 after purchasing an additional 582 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Performance

Ryanair stock opened at $106.72 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $107.09 and a 200-day moving average of $123.18. The firm has a market cap of $23.80 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.40 and a beta of 1.55. Ryanair Holdings plc has a 1-year low of $87.18 and a 1-year high of $150.73.

Ryanair (NASDAQ:RYAAY) last posted its 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 for the quarter, compared to analysts’ expectations of $4.32 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. Sell-side analysts expect that Ryanair Holdings plc will post 7.95 EPS for the current year.

Ryanair Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Thursday, September 26th. Shareholders of record on Friday, August 9th will be issued a $0.692 dividend. The ex-dividend date is Friday, September 13th. This represents a yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RYAAY shares. Sanford C. Bernstein decreased their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. UBS Group cut shares of Ryanair from a “buy” rating to a “neutral” rating in a report on Thursday, June 20th. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft cut Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.67.

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.