Trinity Street Asset Management LLP increased its position in Ryanair Holdings PLC (NASDAQ:RYAAY – Free Report) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,567,449 shares of the transportation company’s stock after purchasing an additional 110,700 shares during the quarter. Ryanair makes up 11.9% of Trinity Street Asset Management LLP’s portfolio, making the stock its 4th biggest position. Trinity Street Asset Management LLP owned 0.69% of Ryanair worth $230,992,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of RYAAY. Hudson Edge Investment Partners Inc. increased its holdings in shares of Ryanair by 2.9% during the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock worth $56,485,000 after buying an additional 27,700 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Ryanair in the 1st quarter worth approximately $4,190,000. Assetmark Inc. boosted its holdings in shares of Ryanair by 151.0% in the 4th quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock worth $25,672,000 after acquiring an additional 213,948 shares in the last quarter. Maven Securities LTD bought a new stake in Ryanair during the 4th quarter worth approximately $11,255,000. Finally, Metropolis Capital Ltd grew its position in Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after acquiring an additional 385,444 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Weiss Ratings upgraded Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a research report on Monday, June 22nd. Finally, Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $79.50.
Ryanair Price Performance
RYAAY opened at $59.36 on Thursday. The firm has a 50 day simple moving average of $61.34 and a 200 day simple moving average of $61.59. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company has a market cap of $30.84 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16.
Ryanair (NASDAQ:RYAAY – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. As a group, analysts expect that Ryanair Holdings PLC will post 3.97 EPS for the current year.
Ryanair Announces Dividend
The business also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be given a $0.4434 dividend. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is currently 24.52%.
Insiders Place Their Bets
In related news, CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $548,290.80. Following the completion of the sale, the chief executive officer directly owned 132,526 shares of the company’s stock, valued at $3,447,001.26. The trade was a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the sale, the insider owned 76,025 shares of the company’s stock, valued at $2,375,021. This represents a 16.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 126,607 shares of company stock worth $3,386,997 over the last three months.
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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