Ryanair Holdings PLC $RYAAY Stake Lessened by Eagle Global Advisors LLC

Eagle Global Advisors LLC cut its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 28.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,000 shares of the transportation company’s stock after selling 18,000 shares during the period. Eagle Global Advisors LLC’s holdings in Ryanair were worth $2,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Milford Funds Ltd. raised its holdings 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 in the last quarter. Assetmark Inc. increased its position in shares of Ryanair by 5.4% during the 2nd quarter. Assetmark Inc. now owns 466,733 shares of the transportation company’s stock valued at $30,221,000 after purchasing an additional 23,906 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of Ryanair by 1.6% during 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 purchasing an additional 3,478 shares during the period. U S Global Investors Inc. raised its stake 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 worth $9,049,000 after buying an additional 35,552 shares in the last quarter. Finally, Ascentis Wealth Management LLC lifted its holdings in shares of Ryanair by 2,856.6% in the second 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 period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Insider Transactions at Ryanair

In other Ryanair news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the firm’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 completion of the transaction, the insider directly owned 46,264 shares in the company, valued at $1,203,326.64. This trade represents a 23.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jason Paul Mcguinness sold 12,562 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the transaction, the insider owned 24,304 shares of the company’s stock, valued at approximately $632,147.04. The trade was a 34.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 126,607 shares of company stock worth $3,386,997 in the last three months.

Ryanair Stock Down 0.6%

RYAAY opened at $58.81 on Friday. The firm 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. The business has a fifty day simple moving average of $61.42 and a 200-day simple moving average of $61.49. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its earnings results 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). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. On average, equities research analysts anticipate that Ryanair Holdings PLC will post 3.97 EPS for the current fiscal year.

Ryanair Dividend Announcement

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 of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is currently 24.52%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley began coverage on Ryanair in a research note on Friday. They set an “overweight” rating and a $62.90 target price for the company. Sanford C. Bernstein reiterated 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 report on Friday, July 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Finally, Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.97.

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.