Short Interest in Ryanair Holdings PLC (RYAAY) Drops By 25.0%
Ryanair Holdings PLC (NASDAQ:RYAAY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 374,783 shares, a decline of 25.0% from the August 15th total of 500,020 shares. Based on an average trading volume of 167,812 shares, the days-to-cover ratio is currently 2.2 days.
Ryanair Holdings PLC (NASDAQ RYAAY) opened at 106.37 on Friday. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.30. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. On average, analysts predict that Ryanair Holdings PLC will post $7.58 EPS for the current year.
Ryanair Holdings PLC declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 30th that authorizes the company to repurchase shares. This repurchase authorization authorizes the transportation company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Ryanair Holdings PLC in the 2nd quarter valued at about $108,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Ryanair Holdings PLC in the 2nd quarter valued at about $112,000. Quantbot Technologies LP purchased a new position in shares of Ryanair Holdings PLC in the 1st quarter valued at about $106,000. FNY Partners Fund LP purchased a new position in shares of Ryanair Holdings PLC in the 1st quarter valued at about $156,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Ryanair Holdings PLC by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 40.35% of the company’s stock.
Several analysts recently weighed in on the company. Kepler Capital Markets downgraded Ryanair Holdings PLC from a “hold” rating to a “reduce” rating in a report on Thursday. UBS AG downgraded Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Friday, June 2nd. ValuEngine upgraded Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. HSBC Holdings plc upgraded Ryanair Holdings PLC from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. downgraded Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $100.33.
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About Ryanair Holdings PLC
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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