U S Global Investors Inc. Reduces Stake in Ryanair Holdings PLC $RYAAY

Key Points

• U S Global Investors Inc. reduced its stake in Ryanair Holdings PLC by 11.2% during Q2, now holding 140,783 shares valued at about $8.12 million.
• Ryanair reported earnings of $1.74 EPS for the last quarter, beating estimates by $0.25, with revenues amounting to $5.07 billion compared to forecasts of $4.16 billion.
• The company declared a special dividend of $0.534 per share, reflecting its commitment to returning value to shareholders, an increase from the previous special dividend of $0.47.

U S Global Investors Inc. trimmed its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,783 shares of the transportation company's stock after selling 17,750 shares during the quarter. Ryanair makes up 1.0% of U S Global Investors Inc.'s holdings, making the stock its 23rd biggest position. U S Global Investors Inc.'s holdings in Ryanair were worth $8,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in Ryanair in the second quarter valued at about $31,000. Maseco LLP bought a new stake in shares of Ryanair in the second quarter valued at approximately $53,000. Golden State Wealth Management LLC raised its position in shares of Ryanair by 100.0% in 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. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Ryanair by 1,158.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,019 shares of the transportation company's stock valued at $43,000 after purchasing an additional 938 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Ryanair in the second quarter valued at approximately $66,000. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Ryanair Stock Up 0.2%

RYAAY opened at $60.35 on Friday. The company has a fifty day moving average price of $61.43 and a 200-day moving average price of $55.70. The firm has a market capitalization of $31.87 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. 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 one year low of $38.52 and a one year high of $67.18.

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

Ryanair Increases Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.534 per share. This is an increase from Ryanair's previous special dividend of $0.47. The ex-dividend date was Friday, September 12th. Ryanair's dividend payout ratio is 16.90%.

Analysts Set New Price Targets

RYAAY has been the topic of several research reports. Wall Street Zen raised shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 4th. Zacks Research lowered shares of Ryanair from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 22nd. Oddo Bhf raised shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group lowered shares of Ryanair from a "buy" rating to a "neutral" rating in a research report on Monday, September 8th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Ryanair 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.