The Manufacturers Life Insurance Company lowered its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 10.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 714,878 shares of the transportation company’s stock after selling 79,331 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ryanair were worth $41,320,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its holdings in Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Ryanair by 64.9% during the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 257 shares during the period. 43.66% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Ryanair news, insider Carol Marie Sharkey sold 6,999 shares of Ryanair stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $182,043.99. Following the completion of the sale, the insider directly owned 14,136 shares in the company, valued at $367,677.36. The trade was a 33.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Dara Brady sold 8,973 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at approximately $456,475.50. This represents a 33.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 126,607 shares of company stock valued at $3,386,997 over the last three months.
Analyst Ratings Changes
Check Out Our Latest Research Report on Ryanair
Ryanair Stock Up 4.0%
Ryanair stock opened at $60.17 on Friday. The stock has a market cap of $31.26 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.82 and a beta of 1.15. The business has a 50-day simple moving average of $61.32 and a 200 day simple moving average of $62.18. Ryanair Holdings PLC has a 52 week low of $53.14 and a 52 week high of $74.24.
Ryanair (NASDAQ:RYAAY – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. On average, research analysts anticipate that Ryanair Holdings PLC will post 3.95 earnings per share for the current year.
Ryanair Dividend Announcement
The business also recently announced a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be paid a $0.4434 dividend. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is currently 17.07%.
Ryanair Profile
Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.
The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.
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