Eagle Global Advisors LLC decreased its position in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 28.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,000 shares of the transportation company’s stock after selling 18,000 shares during the quarter. Eagle Global Advisors LLC’s holdings in Ryanair were worth $2,978,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Milford Funds Ltd. lifted its stake in Ryanair by 25.4% during the second quarter. Milford Funds Ltd. now owns 1,263,847 shares of the transportation company’s stock worth $81,834,000 after purchasing an additional 256,253 shares during the last quarter. Assetmark Inc. lifted its position in shares of Ryanair by 5.4% in the 2nd quarter. Assetmark Inc. now owns 466,733 shares of the transportation company’s stock worth $30,221,000 after buying an additional 23,906 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of Ryanair by 1.6% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 219,157 shares of the transportation company’s stock valued at $14,190,000 after buying an additional 3,478 shares during the period. U S Global Investors Inc. boosted its holdings in shares of Ryanair by 34.1% in the 2nd quarter. U S Global Investors Inc. now owns 139,753 shares of the transportation company’s stock valued at $9,049,000 after buying an additional 35,552 shares during the period. Finally, Ascentis Wealth Management LLC grew its position in shares of Ryanair by 2,856.6% during the 2nd quarter. Ascentis Wealth Management LLC now owns 5,115 shares of the transportation company’s stock valued at $331,000 after buying an additional 4,942 shares during the last quarter. 43.66% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on RYAAY. Weiss Ratings upgraded shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Zacks Research upgraded Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Morgan Stanley initiated coverage on Ryanair in a research report on Friday. They set an “overweight” rating and a $62.90 price target on the stock. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.97.
Insider Transactions at Ryanair
In related news, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, the insider directly owned 76,025 shares in the company, valued at $2,375,021. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darrell Thomas Hughes sold 8,197 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $213,203.97. Following the sale, the insider directly owned 37,362 shares in the company, valued at $971,785.62. The trade was a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 126,607 shares of company stock worth $3,386,997 over the last quarter.
Ryanair Stock Down 0.6%
Shares of NASDAQ:RYAAY opened at $58.81 on Friday. The company’s 50-day moving average price is $61.42 and its 200 day moving average price is $61.49. The company has a market cap of $30.56 billion, a PE ratio of 14.14, a P/E/G ratio of 1.85 and a beta of 1.16. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24.
Ryanair (NASDAQ:RYAAY – Get Free Report) last posted its earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. As a group, equities analysts anticipate that Ryanair Holdings PLC will post 3.97 EPS for the current year.
Ryanair Announces Dividend
The firm also recently disclosed a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be issued a $0.4434 dividend. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio is 24.52%.
Ryanair Company 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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