Ryanair Holdings PLC $RYAAY Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 20.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,633,551 shares of the transportation company’s stock after selling 679,544 shares during the quarter. Royal Bank of Canada’s holdings in Ryanair were worth $152,220,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Ryanair by 645,657.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock valued at $201,386,000 after acquiring an additional 2,789,240 shares in the last quarter. Capital International Investors raised its holdings in Ryanair by 6.6% during the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after purchasing an additional 2,464,742 shares in the last quarter. Wellington Management Group LLP raised its holdings in Ryanair by 58.0% during the fourth quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after purchasing an additional 1,429,666 shares in the last quarter. Norges Bank purchased a new position in Ryanair during the fourth quarter worth about $91,970,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Ryanair by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after purchasing an additional 985,939 shares during the period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the topic of several recent analyst reports. Citigroup reiterated 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 report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ryanair in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Buying and Selling at Ryanair

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $31.24, for a total transaction of $468,600.00. Following the completion of the transaction, the insider directly owned 76,025 shares in the company, valued at approximately $2,375,021. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Paul Mcguinness sold 12,562 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 transaction of $326,737.62. Following the transaction, the insider owned 24,304 shares of the company’s stock, valued at $632,147.04. This trade represents a 34.07% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 126,607 shares of company stock worth $3,386,997.

Ryanair Price Performance

NASDAQ RYAAY opened at $60.17 on Friday. The business has a 50 day moving average price of $61.32 and a 200 day moving average price of $62.18. The company has a market capitalization of $31.26 billion, a P/E ratio of 14.46, a PEG ratio of 1.82 and a beta of 1.15. Ryanair Holdings PLC has a 1-year low of $53.14 and a 1-year high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. On average, research analysts expect that Ryanair Holdings PLC will post 3.95 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s payout ratio is 17.07%.

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.