NINE MASTS CAPITAL Ltd Sells 13,696 Shares of Ryanair Holdings PLC $RYAAY

NINE MASTS CAPITAL Ltd lowered its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 48.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,463 shares of the transportation company’s stock after selling 13,696 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in Ryanair were worth $936,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Ryanair by 2,929.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after buying an additional 165 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Ryanair by 64.9% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after buying an additional 257 shares during the period. Institutional investors own 43.65% of the company’s stock.

Ryanair Price Performance

Shares of RYAAY opened at $56.13 on Monday. The business’s 50-day moving average price is $60.68 and its 200-day moving average price is $60.47. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24. The stock has a market cap of $29.13 billion, a PE ratio of 13.49, a P/E/G ratio of 1.61 and a beta of 1.16.

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

Ryanair Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders 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 currently 24.52%.

Insider Buying and Selling

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 completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RYAAY shares. Weiss Ratings upgraded Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.97.

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.