Trinity Street Asset Management LLP Purchases 110,700 Shares of Ryanair Holdings PLC $RYAAY

Trinity Street Asset Management LLP lifted its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 3.2% during the second quarter, HoldingsChannel reports. The firm owned 3,567,449 shares of the transportation company’s stock after buying an additional 110,700 shares during the quarter. Ryanair comprises 11.9% of Trinity Street Asset Management LLP’s portfolio, making the stock its 4th largest holding. Trinity Street Asset Management LLP’s holdings in Ryanair were worth $230,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hudson Edge Investment Partners Inc. grew its holdings in Ryanair by 2.9% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock worth $56,485,000 after acquiring an additional 27,700 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Ryanair in the 1st quarter valued at about $4,190,000. Assetmark Inc. lifted its stake in Ryanair by 151.0% in the fourth quarter. Assetmark Inc. now owns 355,617 shares of the transportation company’s stock valued at $25,672,000 after buying an additional 213,948 shares during the period. Maven Securities LTD bought a new position in Ryanair during the fourth quarter worth $11,255,000. Finally, Metropolis Capital Ltd grew its stake in shares of Ryanair by 10.8% in the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after buying an additional 385,444 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Ryanair Price Performance

Shares of Ryanair stock opened at $59.36 on Thursday. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The company has a 50 day simple moving average of $61.34 and a two-hundred day simple moving average of $61.59. The firm has a market cap of $30.84 billion, a PE ratio of 14.27, a PEG ratio of 1.86 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings results 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). The firm had revenue of $5 billion for 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%. As a group, research analysts anticipate that Ryanair Holdings PLC will post 3.97 earnings per share for the current year.

Ryanair Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, September 28th. Investors 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 presently 24.52%.

Analysts Set New Price Targets

A number of brokerages have commented on RYAAY. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Insider Transactions at Ryanair

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $365,518.53. Following the transaction, the insider owned 46,264 shares in the company, valued at approximately $1,203,326.64. This represents a 23.30% 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. In the last 90 days, insiders have sold 126,607 shares of company stock valued at $3,386,997.

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.