Coronation Fund Managers Ltd. Sells 243,817 Shares of Ryanair Holdings PLC $RYAAY

Key Points

• Coronation Fund Managers Ltd. reduced its stake in Ryanair Holdings PLC by 33.5%, selling 243,817 shares and now holds 484,623 shares worth approximately $27.9 million.
• Ryanair's recent quarterly earnings surpassed expectations, reporting $1.74 EPS and $5.07 billion in revenue, prompting several analysts to maintain positive ratings on the stock.
• The company declared a special dividend of $0.534 per share, an increase from the previous dividend of $0.47, as part of its financial performance strategy.

Coronation Fund Managers Ltd. lessened its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,623 shares of the transportation company's stock after selling 243,817 shares during the quarter. Ryanair comprises about 1.5% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its 20th biggest position. Coronation Fund Managers Ltd. owned about 0.09% of Ryanair worth $27,948,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RYAAY. Financial Management Professionals Inc. acquired a new stake in Ryanair in the 2nd quarter worth $31,000. Golden State Wealth Management LLC grew its position in Ryanair by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock worth $41,000 after purchasing an additional 481 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Ryanair by 1,158.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company's stock worth $43,000 after purchasing an additional 938 shares during the last quarter. CWM LLC grew its position in Ryanair by 39.8% in the 1st 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 acquired a new stake in Ryanair in the 2nd quarter worth $53,000. Institutional investors own 43.66% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on RYAAY. The Goldman Sachs Group lowered shares of Ryanair from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th. Raymond James Financial restated a "strong-buy" rating and issued a $76.00 price target (up from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Morgan Stanley initiated coverage on shares of Ryanair in a research report on Wednesday, October 15th. They issued an "overweight" rating on the stock. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ryanair in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ryanair currently has an average rating of "Buy" and a consensus target price of $76.00.

Ryanair Stock Down 0.3%

Shares of RYAAY opened at $61.80 on Tuesday. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.67 and a beta of 1.38. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair Holdings PLC has a 12 month low of $38.52 and a 12 month high of $67.18. The company has a 50-day moving average price of $61.11 and a two-hundred day moving average price of $56.65.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.25. The firm had revenue of $5.07 billion during the quarter, compared to analysts' expectations of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. Equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The company also recently declared a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, August 8th were given a $0.534 dividend. This is a boost from Ryanair's previous special dividend of $0.47. The ex-dividend date was Friday, September 12th. Ryanair's dividend payout ratio (DPR) is presently 16.90%.

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.

Want to see what other hedge funds are holding RYAAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.