Diversify Wealth Management LLC Has $253,000 Stock Holdings in Ryanair Holdings PLC $RYAAY

Key Points

• Diversify Wealth Management cut its Ryanair stake by 88.9% in the second quarter, leaving it with 3,905 shares valued at approximately $253,000. Institutional investors and hedge funds collectively own 43.66% of the company.
• Ryanair reported quarterly EPS of $1.19, below the $1.37 analyst consensus, while revenue of $5 billion also missed estimates. The stock opened at $59.17, well below its 12-month high of $74.24.
• The company declared a special dividend of $0.4434 per share, and analysts maintained a generally positive view, giving Ryanair a “Moderate Buy” consensus rating with an average price target of $79.50.

Diversify Wealth Management LLC trimmed its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 88.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,905 shares of the transportation company's stock after selling 31,138 shares during the quarter. Diversify Wealth Management LLC's holdings in Ryanair were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RYAAY. Caitong International Asset Management Co. Ltd boosted its holdings in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in Ryanair by 4.9% during the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company's stock worth $230,000 after purchasing an additional 184 shares during the last quarter. One Wealth Advisors LLC raised its holdings in Ryanair by 3.1% during the 4th quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company's stock worth $449,000 after purchasing an additional 185 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Ryanair by 41.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company's stock worth $48,000 after purchasing an additional 197 shares during the period. Finally, AdvisorShares Investments LLC lifted its position in shares of Ryanair by 1.1% in the 4th quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company's stock worth $1,310,000 after purchasing an additional 201 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Down 0.3%

Ryanair stock opened at $59.17 on Friday. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. The firm's fifty day moving average is $61.38 and its 200 day moving average is $61.51. The company has a market capitalization of $30.74 billion, a PE ratio of 14.22, a PEG ratio of 1.86 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Sell-side analysts expect that Ryanair Holdings PLC will post 3.97 EPS for the current fiscal year.

Ryanair Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair's dividend payout ratio is 24.52%.

Insider Buying and Selling

In related news, insider Jason Paul Mcguinness sold 9,999 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.56, for a total value of $275,572.44. Following the completion of the sale, the insider directly owned 14,305 shares of the company's stock, valued at $394,245.80. The trade was a 41.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carol Marie Sharkey sold 6,999 shares of the business's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the sale, the insider directly owned 14,136 shares of the company's stock, valued at $367,677.36. The trade was a 33.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 126,607 shares of company stock worth $3,386,997 over the last 90 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RYAAY. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research note on Tuesday, July 21st. Morgan Stanley reiterated an "overweight" rating on shares of Ryanair in a report on Monday, June 22nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Ryanair in a research note on Tuesday, July 14th. Finally, Weiss Ratings raised Ryanair from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $79.50.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe's largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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