Sanctuary Advisors LLC Makes New $1.79 Million Investment in Ryanair Holdings plc (NASDAQ:RYAAY)

Sanctuary Advisors LLC purchased a new stake in Ryanair Holdings plc (NASDAQ:RYAAY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,359 shares of the transportation company’s stock, valued at approximately $1,788,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital International Investors boosted its holdings in shares of Ryanair by 34.9% in the first quarter. Capital International Investors now owns 14,422,006 shares of the transportation company’s stock worth $2,099,700,000 after buying an additional 3,734,770 shares during the period. Capital World Investors grew its position in Ryanair by 30.0% during the 1st quarter. Capital World Investors now owns 12,085,927 shares of the transportation company’s stock worth $1,759,590,000 after purchasing an additional 2,791,513 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Ryanair by 2.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,453,075 shares of the transportation company’s stock valued at $1,100,716,000 after purchasing an additional 183,584 shares during the period. Sprucegrove Investment Management Ltd. lifted its holdings in shares of Ryanair by 13.2% in the second quarter. Sprucegrove Investment Management Ltd. now owns 3,168,162 shares of the transportation company’s stock valued at $368,901,000 after purchasing an additional 368,800 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its position in shares of Ryanair by 33.3% in the second quarter. Metropolis Capital Ltd now owns 1,444,041 shares of the transportation company’s stock worth $168,144,000 after buying an additional 360,917 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the subject of several research analyst reports. UBS Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. HSBC cut shares of Ryanair from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Sanford C. Bernstein decreased their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.67.

Ryanair Stock Performance

Shares of NASDAQ RYAAY opened at $43.42 on Wednesday. Ryanair Holdings plc has a 12 month low of $34.87 and a 12 month high of $60.29. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $9.80 billion, a P/E ratio of 4.76, a P/E/G ratio of 2.97 and a beta of 1.54. The business’s 50 day moving average is $99.45 and its two-hundred day moving average is $117.14.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, July 22nd. The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $2.89 by ($1.20). The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. On average, equities analysts expect that Ryanair Holdings plc will post 2.48 EPS for the current year.

Ryanair Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, August 9th were given a dividend of $0.692 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 13th. Ryanair’s dividend payout ratio is presently 11.29%.

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.