iA Global Asset Management Inc. Has $335,000 Stock Position in Ryanair Holdings plc (NASDAQ:RYAAY)

iA Global Asset Management Inc. lowered its holdings in shares of Ryanair Holdings plc (NASDAQ:RYAAY) by 31.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,303 shares of the transportation company’s stock after selling 1,074 shares during the period. iA Global Asset Management Inc.’s holdings in Ryanair were worth $335,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of RYAAY. Brave Warrior Advisors LLC bought a new stake in Ryanair during the 4th quarter worth $870,000. Sprucegrove Investment Management Ltd. grew its position in shares of Ryanair by 9.9% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 2,737,862 shares of the transportation company’s stock valued at $365,121,000 after buying an additional 246,850 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of Ryanair by 49.9% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,486 shares of the transportation company’s stock valued at $4,999,000 after buying an additional 12,486 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Ryanair in the 4th quarter valued at about $913,000. Finally, New York State Common Retirement Fund grew its position in shares of Ryanair by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 226,421 shares of the transportation company’s stock valued at $30,196,000 after buying an additional 8,611 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Stock Performance

Shares of Ryanair stock traded down $2.07 during trading hours on Friday, reaching $97.93. The company had a trading volume of 824,973 shares, compared to its average volume of 639,750. Ryanair Holdings plc has a one year low of $87.18 and a one year high of $150.73. The business has a fifty day simple moving average of $115.29 and a 200 day simple moving average of $129.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $22.11 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.55.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings results on Monday, May 20th. The transportation company reported ($1.31) EPS for the quarter, topping analysts’ consensus estimates of ($1.32) by $0.01. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.33 billion. On average, analysts anticipate that Ryanair Holdings plc will post 7.95 earnings per share for the current fiscal year.

Ryanair Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 9th will be given a $0.692 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a dividend yield of 1.8%. Ryanair’s dividend payout ratio (DPR) is presently 10.20%.

Analysts Set New Price Targets

RYAAY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. HSBC downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. UBS Group downgraded Ryanair from a “buy” rating to a “neutral” rating in a research note on Thursday, June 20th. Hsbc Global Res raised Ryanair to a “hold” rating in a research note on Friday, July 12th. Finally, Barclays downgraded Ryanair from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 21st. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.50.

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.