Ryanair Holdings PLC $RYAAY Shares Sold by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WI reduced its stake in Ryanair Holdings PLC by 1.3%, holding approximately 3.07 million shares valued at $130 million.
• Ryanair recently reported earnings of $1.74 per share, surpassing analyst estimates, alongside a higher quarterly revenue of $5.07 billion compared to the forecast of $4.16 billion.
• The company announced a dividend increase, with a payment of $0.534 per share scheduled for September 25th, up from the previous dividend of $0.47.

Fiduciary Management Inc. WI trimmed its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,069,928 shares of the transportation company's stock after selling 39,380 shares during the period. Fiduciary Management Inc. WI owned 0.58% of Ryanair worth $130,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new stake in shares of Ryanair in the first quarter valued at about $118,071,000. Capital Fund Management S.A. acquired a new stake in shares of Ryanair in the first quarter valued at about $3,329,000. Maven Securities LTD raised its position in shares of Ryanair by 63.5% in the first quarter. Maven Securities LTD now owns 118,267 shares of the transportation company's stock valued at $5,011,000 after buying an additional 45,924 shares during the last quarter. Northern Trust Corp raised its position in shares of Ryanair by 98.8% in the first quarter. Northern Trust Corp now owns 357,576 shares of the transportation company's stock valued at $15,150,000 after buying an additional 177,674 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Ryanair by 260.5% in the first quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company's stock valued at $60,000 after buying an additional 1,029 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RYAAY has been the subject of a number of analyst reports. Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Citigroup reaffirmed a "buy" rating on shares of Ryanair in a research report on Wednesday, May 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to MarketBeat, Ryanair presently has a consensus rating of "Buy" and a consensus price target of $111.50.

Ryanair Stock Down 0.4%

Shares of NASDAQ:RYAAY opened at $65.13 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $34.54 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.08 and a beta of 1.36. The firm's 50-day moving average is $60.31 and its two-hundred day moving average is $52.36. Ryanair Holdings PLC has a 1 year low of $38.52 and a 1 year high of $67.18.

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

Ryanair Increases Dividend

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

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.

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