PensionDanmark Pensionsforsikringsaktieselskab Lowers Stock Position in Ryanair Holdings PLC $RYAAY

PensionDanmark Pensionsforsikringsaktieselskab cut its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 94.2% in the second quarter, Holdings Channel.com reports. The fund owned 10,000 shares of the transportation company’s stock after selling 161,339 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Ryanair were worth $648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RYAAY. Capital International Investors lifted its stake in Ryanair by 6.6% during the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after acquiring an additional 2,464,742 shares in the last quarter. Capital World Investors lifted its position in shares of Ryanair by 1.0% during the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock worth $2,241,612,000 after purchasing an additional 312,323 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Ryanair by 15.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock worth $527,341,000 after acquiring an additional 985,939 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Ryanair by 3.3% during the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after purchasing an additional 185,110 shares during the last quarter. Finally, Metropolis Capital Ltd boosted its holdings in Ryanair by 10.8% in the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock valued at $228,266,000 after purchasing an additional 385,444 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

RYAAY has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating 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 reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Ryanair Price Performance

RYAAY opened at $59.51 on Tuesday. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The stock has a market capitalization of $30.92 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.90 and a beta of 1.16. The business has a 50 day simple moving average of $61.28 and a 200-day simple moving average of $61.75.

Ryanair (NASDAQ:RYAAY) last announced its quarterly 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). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Research analysts anticipate that Ryanair Holdings PLC will post 3.95 EPS for the current 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 given a $0.4434 dividend. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is currently 24.52%.

Insider Activity

In other Ryanair news, CEO Andreas Gruber sold 13,467 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $350,276.67. Following the completion of the transaction, the chief executive officer owned 20,858 shares in the company, valued at approximately $542,516.58. The trade was a 39.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 76,025 shares in the company, valued at $2,375,021. This represents a 16.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,607 shares of company stock worth $3,386,997 in the last three months.

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.