Ryanair Holdings PLC $RYAAY Stock Sold by Metropolis Capital Ltd

Metropolis Capital Ltd cut its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 4,342,710 shares of the transportation company’s stock after selling 70,967 shares during the period. Ryanair accounts for about 6.6% of Metropolis Capital Ltd’s holdings, making the stock its 8th biggest holding. Metropolis Capital Ltd’s holdings in Ryanair were worth $238,892,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hudson Edge Investment Partners Inc. lifted its holdings in Ryanair by 2.9% in the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock valued at $56,485,000 after acquiring an additional 27,700 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ryanair during the 1st quarter worth approximately $4,190,000. The Manufacturers Life Insurance Company grew its stake in shares of Ryanair by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 755,526 shares of the transportation company’s stock worth $48,920,000 after purchasing an additional 40,648 shares during the period. Trinity Street Asset Management LLP grew its stake in shares of Ryanair by 3.2% during the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock worth $230,992,000 after purchasing an additional 110,700 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Ryanair by 9.0% during the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock valued at $118,645,000 after purchasing an additional 170,242 shares in the last quarter. 43.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, July 21st. Citigroup reissued a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. Morgan Stanley initiated coverage on shares of Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective for the company. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $74.00 price objective on shares of Ryanair in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus target price of $73.97.

Ryanair Price Performance

RYAAY stock traded up $1.42 during mid-day trading on Tuesday, reaching $53.92. 705,569 shares of the company’s stock were exchanged, compared to its average volume of 1,500,366. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 4.30 and a beta of 1.19. The stock’s 50 day moving average is $54.88 and its 200 day moving average is $58.19. Ryanair Holdings PLC has a 12-month low of $51.02 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 EPS 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 analyst estimates of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. On average, research analysts forecast that Ryanair Holdings PLC will post 3.76 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, September 28th. Stockholders of record on Friday, August 7th were paid a dividend of $0.4434 per share. Ryanair’s payout ratio is 28.37%.

Ryanair Company Profile

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.