L1 Capital Pty Ltd Reduces Stock Holdings in Ryanair Holdings PLC $RYAAY

Key Points

• L1 Capital Pty Ltd reduced its stake in Ryanair Holdings PLC by 4.7%, selling 112,823 shares and holding 2,268,807 shares post sale, which makes Ryanair the fund’s 7th largest holding.
• Ryanair Holdings reported $1.74 EPS for the last quarter, exceeding expectations, and achieved a revenue of $5.07 billion against estimates of $4.16 billion.
• The company announced a special dividend of $0.534 per share, representing a yield of 120.0%, set to be paid on September 25th.

L1 Capital Pty Ltd cut its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,268,807 shares of the transportation company's stock after selling 112,823 shares during the quarter. Ryanair comprises 9.0% of L1 Capital Pty Ltd's portfolio, making the stock its 7th largest position. L1 Capital Pty Ltd owned approximately 0.43% of Ryanair worth $96,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its position in shares of Ryanair by 100.0% during the first 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Ryanair by 1,158.0% during the first 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Ryanair during the first quarter worth $48,000. CWM LLC boosted its position in shares of Ryanair by 39.8% during the first quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Ryanair by 260.5% during the first quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company's stock worth $60,000 after purchasing an additional 1,029 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Ryanair Stock Performance

RYAAY traded up $0.22 on Friday, reaching $60.51. The company had a trading volume of 611,403 shares, compared to its average volume of 1,511,180. The company's fifty day moving average is $61.85 and its 200 day moving average is $53.57. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $67.18. The stock has a market cap of $32.09 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 0.66.

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

Ryanair Increases Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.534 per share. The ex-dividend date of this dividend is Friday, September 12th. This is an increase from Ryanair's previous special dividend of $0.47. This represents a dividend yield of 120.0%. Ryanair's payout ratio is 14.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RYAAY. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $76.00.

About Ryanair

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.