Ryanair Holdings PLC (NASDAQ:RYAAY) is Ruffer LLP's 9th Largest Position

Key Points

• Ruffer LLP reduced its holdings in Ryanair by 9.3%, selling 135,362 shares to hold a total of 1.32 million shares valued at approximately $56 million.
• Ryanair reported earnings of $1.74 per share for the last quarter, surpassing expectations of $1.49, with revenues reaching $5.07 billion compared to anticipated $4.16 billion.
• The company recently announced an increased dividend of $0.534 per share, set to be paid to investors, translating to an impressive yield of 120%.

Ruffer LLP decreased its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,322,779 shares of the transportation company's stock after selling 135,362 shares during the quarter. Ryanair comprises about 2.2% of Ruffer LLP's portfolio, making the stock its 9th largest holding. Ruffer LLP owned approximately 0.25% of Ryanair worth $56,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RYAAY. Cambridge Investment Research Advisors Inc. boosted its stake in Ryanair by 26.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,725 shares of the transportation company's stock worth $327,000 after buying an additional 1,621 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Ryanair by 1,190.3% during the first quarter. Farther Finance Advisors LLC now owns 5,832 shares of the transportation company's stock valued at $249,000 after purchasing an additional 5,380 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Ryanair by 19.9% during the first quarter. Envestnet Asset Management Inc. now owns 526,540 shares of the transportation company's stock valued at $22,310,000 after purchasing an additional 87,532 shares during the period. Golden State Wealth Management LLC boosted its stake 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 valued at $41,000 after purchasing an additional 481 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Ryanair by 351.1% in the first quarter. Bessemer Group Inc. now owns 19,247 shares of the transportation company's stock valued at $816,000 after acquiring an additional 14,980 shares in the last quarter. Institutional investors own 43.66% of the company's stock.

Ryanair Stock Performance

Ryanair stock traded down $0.13 during mid-day trading on Friday, reaching $64.67. 426,761 shares of the company traded hands, compared to its average volume of 1,577,972. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. Ryanair Holdings PLC has a fifty-two week low of $38.52 and a fifty-two week high of $65.10. The company has a market capitalization of $34.32 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.36. The firm's fifty day moving average is $58.37 and its two-hundred day moving average is $50.87.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.16 billion. On average, equities research analysts expect that Ryanair Holdings PLC will post 3.09 earnings per share for the current fiscal year.

Ryanair Increases Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be issued a dividend of $0.534 per share. This represents a dividend yield of 120.0%. This is a positive change from Ryanair's previous -- dividend of $0.47. The ex-dividend date of this dividend is Friday, September 12th. Ryanair's dividend payout ratio is presently 23.47%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen upgraded Ryanair from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Raymond James Financial reiterated a "strong-buy" rating and issued a $76.00 target price (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday, July 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $111.50.

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.