Headlands Technologies LLC Increases Holdings in Ryanair Holdings PLC $RYAAY

Headlands Technologies LLC raised its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 48.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,649 shares of the transportation company’s stock after purchasing an additional 12,652 shares during the period. Headlands Technologies LLC’s holdings in Ryanair were worth $2,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RYAAY. Goldman Sachs Group Inc. increased its stake in shares of Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares during the period. American Century Companies Inc. boosted its holdings in Ryanair by 122.1% in the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock valued at $750,000 after acquiring an additional 7,152 shares in the last quarter. CW Advisors LLC bought a new stake in Ryanair in the second quarter valued at $263,000. EverSource Wealth Advisors LLC increased its position in Ryanair by 99.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 1,013 shares during the period. Finally, Cerity Partners LLC purchased a new position in Ryanair during the 2nd quarter valued at $295,000. Hedge funds and other institutional investors own 43.65% of the company’s stock.

Insider Buying and Selling 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 transaction of $468,600.00. Following the completion of the transaction, the insider owned 76,025 shares of the company’s stock, valued at $2,375,021. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RYAAY shares. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a research report on Monday, August 24th. Weiss Ratings upgraded Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley initiated coverage on Ryanair in a research report on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ryanair has an average rating of “Moderate Buy” and a consensus target price of $73.97.

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $56.13 on Monday. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The firm has a 50-day moving average of $60.68 and a 200 day moving average of $60.47. The stock has a market cap of $29.13 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last announced its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Research analysts expect that Ryanair Holdings PLC will post 4.32 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The business also recently declared 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 is Friday, August 7th. Ryanair’s dividend payout ratio is presently 24.52%.

About Ryanair

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.