QRG Capital Management Inc. Has $3.40 Million Stock Holdings in Ryanair Holdings plc (NASDAQ:RYAAY)

QRG Capital Management Inc. reduced its stake in Ryanair Holdings plc (NASDAQ:RYAAY) by 17.9% in the 4th quarter, HoldingsChannel reports. The firm owned 78,042 shares of the transportation company’s stock after selling 16,998 shares during the quarter. QRG Capital Management Inc.’s holdings in Ryanair were worth $3,402,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning raised its position in shares of Ryanair by 152.3% during the third quarter. Creative Planning now owns 14,211 shares of the transportation company’s stock worth $642,000 after purchasing an additional 8,579 shares during the period. Private Advisor Group LLC increased its stake in Ryanair by 166.2% during the 3rd quarter. Private Advisor Group LLC now owns 5,507 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 3,438 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Ryanair during the third quarter worth $2,703,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ryanair by 13.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,112 shares of the transportation company’s stock valued at $321,000 after buying an additional 848 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Ryanair by 50.1% during the third quarter. New York State Common Retirement Fund now owns 529,250 shares of the transportation company’s stock valued at $23,912,000 after buying an additional 176,577 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the topic of a number of analyst reports. UBS Group upgraded shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Ryanair currently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Ryanair Stock Up 1.6 %

RYAAY opened at $48.53 on Friday. Ryanair Holdings plc has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The firm has a market capitalization of $26.23 billion, a P/E ratio of 14.88, a PEG ratio of 2.01 and a beta of 1.50. The company’s 50-day moving average is $44.90 and its 200 day moving average is $59.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Monday, February 3rd. The transportation company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.09 by $0.20. Ryanair had a net margin of 12.14% and a return on equity of 21.46%. Research analysts expect that Ryanair Holdings plc will post 3.09 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, January 17th will be given a $0.4677 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a yield of 4.2%. Ryanair’s dividend payout ratio is currently 30.67%.

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.