Wellington Management Group LLP Has $259.50 Million Holdings in Ryanair Holdings PLC $RYAAY

Wellington Management Group LLP boosted its stake in Ryanair Holdings PLC (NASDAQ:RYAAY) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,007,671 shares of the transportation company’s stock after buying an additional 14,074 shares during the quarter. Wellington Management Group LLP’s holdings in Ryanair were worth $259,497,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in Ryanair by 280.6% during the 3rd 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. grew its position in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Ryanair by 39.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Ryanair by 64.9% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock worth $47,000 after purchasing an additional 257 shares in the last quarter. 43.65% of the stock is currently owned by institutional investors.

Insider Transactions at Ryanair

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was 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 approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryanair Stock Performance

Shares of NASDAQ:RYAAY opened at $56.13 on Monday. Ryanair Holdings PLC has a 52 week low of $53.14 and a 52 week high of $74.24. The company has a market capitalization of $29.13 billion, a PE ratio of 13.49, a PEG ratio of 1.61 and a beta of 1.16. The company has a 50 day moving average price of $60.68 and a two-hundred day moving average price of $60.47.

Ryanair (NASDAQ:RYAAY) last announced 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 the consensus estimate of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. On average, sell-side analysts forecast that Ryanair Holdings PLC will post 4.32 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. Shareholders of record on Friday, August 7th will be issued a dividend of $0.4434 per share. The ex-dividend date is Friday, August 7th. Ryanair’s payout ratio is currently 24.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. Morgan Stanley assumed coverage on shares of Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price target for the company. 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. Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.