Envestnet Asset Management Inc. Sells 23,312 Shares of Ryanair Holdings PLC $RYAAY

Key Points

• Envestnet Asset Management reduced its Ryanair holdings by 23,312 shares, or 2.8%, leaving it with 795,625 shares valued at approximately $51.5 million. Institutional investors and hedge funds collectively own 43.65% of the company.
• Ryanair reported quarterly earnings of $1.19 per share, below analysts’ $1.37 estimate, while revenue of $5 billion also fell short of expectations. The company announced a special dividend of $0.4434 per share.
• RYAAY opened at $55.30, well below its 12-month high of $74.24. Despite mixed analyst opinions, the stock carries a “Moderate Buy” consensus rating with an average price target of $73.97.

Envestnet Asset Management Inc. lessened its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,625 shares of the transportation company's stock after selling 23,312 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of Ryanair worth $51,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc lifted its stake in Ryanair by 48.1% in the second quarter. IFP Advisors Inc now owns 665 shares of the transportation company's stock valued at $43,000 after buying an additional 216 shares in the last quarter. MidFirst Bank acquired a new position in shares of Ryanair in the fourth quarter valued at approximately $50,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Ryanair during the fourth quarter worth $52,000. Global Retirement Partners LLC increased its position in shares of Ryanair by 156.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,751 shares of the transportation company's stock worth $126,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Leonteq Securities AG raised its holdings in shares of Ryanair by 2,084.9% during the second quarter. Leonteq Securities AG now owns 2,032 shares of the transportation company's stock worth $132,000 after acquiring an additional 1,939 shares during the period. 43.65% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Stock Performance

NASDAQ RYAAY opened at $55.30 on Monday. Ryanair Holdings PLC has a 12 month low of $51.68 and a 12 month high of $74.24. The stock has a 50 day moving average of $56.50 and a 200-day moving average of $58.90. The company has a market cap of $28.67 billion, a PE ratio of 13.29, a PEG ratio of 4.43 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.18). The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. As a group, sell-side analysts predict that Ryanair Holdings PLC will post 3.84 EPS for the current fiscal year.

Ryanair Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be issued a $0.4434 dividend. Ryanair's payout ratio is 28.37%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RYAAY shares. Zacks Research lowered shares of Ryanair from a "hold" rating to a "strong sell" rating in a research note on Monday, August 17th. Weiss Ratings downgraded Ryanair from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 4th. Raymond James Financial restated a "strong-buy" rating and issued a $74.00 price target on shares of Ryanair in a report on Monday, August 24th. Morgan Stanley initiated coverage on Ryanair in a research report on Friday, August 14th. They set an "overweight" rating and a $62.90 price objective for the company. Finally, Citigroup reiterated a "buy" rating on shares of Ryanair in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ryanair has an average rating of "Moderate Buy" and an average target price of $73.97.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair, Ryanair UK, Malta Air, Buzz and Lauda, the group connects a broad network of destinations with a focus on affordable fares, high aircraft utilization and short-haul travel.

The company serves markets throughout the United Kingdom and continental Europe, as well as selected destinations in North Africa and the Middle East.

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