Maven Securities LTD Takes Position in Ryanair Holdings PLC $RYAAY

Maven Securities LTD purchased a new position in Ryanair Holdings PLC (NASDAQ:RYAAY) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 24,000 shares of the transportation company’s stock, valued at approximately $1,554,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. raised its stake in shares of Ryanair by 2.9% in the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock valued at $56,485,000 after acquiring an additional 27,700 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Ryanair in the 1st quarter worth about $4,190,000. Metropolis Capital Ltd boosted its stake in shares of Ryanair by 10.8% during the 1st quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after purchasing an additional 385,444 shares during the period. Trinity Street Asset Management LLP grew its holdings in Ryanair by 3.2% during the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company’s stock valued at $230,992,000 after purchasing an additional 110,700 shares during the last quarter. Finally, Milford Funds Ltd. bought a new position in Ryanair during the 4th quarter valued at about $39,379,000. 43.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ryanair news, insider John Hurley sold 15,000 shares of Ryanair stock in a transaction on Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the completion of the sale, the insider directly owned 76,025 shares of the company’s stock, valued at $2,375,021. The trade was a 16.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ryanair Price Performance

Ryanair stock opened at $54.37 on Wednesday. The stock has a market cap of $28.22 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 4.73 and a beta of 1.16. The firm has a 50-day moving average of $59.41 and a two-hundred day moving average of $59.92. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued 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). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Research analysts expect that Ryanair Holdings PLC will post 3.84 earnings per share for the current year.

Ryanair Announces Dividend

The company also recently disclosed 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 dividend payout ratio (DPR) is presently 24.52%.

Wall Street Analyst Weigh In

Several analysts have issued reports on RYAAY shares. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of Ryanair in a research note on Tuesday, July 21st. Raymond James Financial restated a “strong-buy” rating and set a $74.00 price objective on shares of Ryanair in a report on Monday, August 24th. Finally, Morgan Stanley started coverage on Ryanair in a research report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.97.

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.