Ryanair Holdings PLC $RYAAY Stock Holdings Lowered by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio reduced its Ryanair Holdings PLC stake by 55.9% during the 2nd quarter, owning 12,932 shares valued at $746,000 at the quarter's end.
• Ryanair announced a special dividend of $0.534 per share, an increase from its previous special dividend of $0.47, with a current payout ratio of 16.90%.
• Wall Street analysts have shown a favorable outlook on Ryanair, with a consensus rating of Buy and a target price of $76.00 per share, reflecting positive performance in recent financial results.

Public Employees Retirement System of Ohio cut its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 55.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,932 shares of the transportation company's stock after selling 16,365 shares during the period. Public Employees Retirement System of Ohio's holdings in Ryanair were worth $746,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in shares of Ryanair during the 2nd quarter worth $31,000. Maseco LLP purchased a new stake in shares of Ryanair during the second quarter valued at $53,000. Golden State Wealth Management LLC boosted its position in shares of Ryanair by 100.0% in the 1st 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. Kayne Anderson Rudnick Investment Management LLC increased its stake in Ryanair by 1,158.0% in the 1st 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. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Ryanair in the 1st quarter worth about $48,000. Institutional investors and hedge funds own 43.66% of the company's stock.

Ryanair Trading Down 0.8%

NASDAQ:RYAAY opened at $59.50 on Monday. The company has a market capitalization of $31.52 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.71 and a beta of 1.38. The stock's 50 day moving average price is $61.61 and its 200 day moving average price is $55.32. 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 Holdings PLC has a 52 week low of $38.52 and a 52 week high of $67.18.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.49 by $0.25. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. On average, research analysts forecast that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The firm also recently announced a special dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, August 8th were given a dividend of $0.534 per share. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from Ryanair's previous special dividend of $0.47. Ryanair's dividend payout ratio (DPR) is currently 16.90%.

Wall Street Analyst Weigh In

Several brokerages have commented on RYAAY. Raymond James Financial reiterated a "strong-buy" rating and issued a $76.00 target price (up from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group cut shares of Ryanair from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ryanair in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $76.00.

Ryanair 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.