Sei Investments Co. Grows Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

Sei Investments Co. boosted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 636,498 shares of the transportation company’s stock after acquiring an additional 3,573 shares during the period. Sei Investments Co. owned 0.28% of Ryanair worth $74,115,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position 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 acquiring an additional 75 shares during the last quarter. Gallacher Capital Management LLC raised its position in Ryanair by 4.1% in the second quarter. Gallacher Capital Management LLC now owns 3,796 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Ryanair by 25.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 912 shares of the transportation company’s stock worth $133,000 after purchasing an additional 187 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Ryanair during the first quarter worth $29,000. Finally, Verdence Capital Advisors LLC boosted its position in shares of Ryanair by 2.5% during the first quarter. Verdence Capital Advisors LLC now owns 8,795 shares of the transportation company’s stock worth $1,280,000 after buying an additional 211 shares during the period. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. Barclays lowered Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. UBS Group lowered shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Sanford C. Bernstein cut their target price on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Hsbc Global Res upgraded shares of Ryanair to a “hold” rating in a report on Friday, July 12th. Finally, Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Trading Down 1.2 %

NASDAQ RYAAY opened at $113.74 on Friday. Ryanair Holdings plc has a 52 week low of $87.18 and a 52 week high of $150.73. The firm has a 50 day moving average of $106.27 and a two-hundred day moving average of $122.37. The stock has a market capitalization of $25.68 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.55. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Ryanair (NASDAQ:RYAAY) last posted 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 business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Ryanair had a net margin of 12.07% and a return on equity of 20.43%. As a group, research analysts expect that Ryanair Holdings plc will post 6.93 EPS for the current fiscal year.

Ryanair Cuts Dividend

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

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.