Bank of New York Mellon Corp Has $9.78 Million Stock Position in Ryanair Holdings PLC $RYAAY

Key Points

• Bank of New York Mellon increased its Ryanair stake by 27.5% in the first quarter, holding 169,136 shares valued at approximately $9.78 million. Institutional investors and hedge funds own 43.66% of the company.
• Ryanair’s latest quarterly results fell short of expectations, with earnings per share of $1.19 versus the $1.37 consensus and revenue of $5 billion versus estimates of $5.06 billion. The stock opened at $58.51, down from its 12-month high of $74.24.
• The airline declared a special dividend of $0.4434 per share, payable September 28 to shareholders of record August 7. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $79.50.

Bank of New York Mellon Corp boosted its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 27.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,136 shares of the transportation company's stock after buying an additional 36,498 shares during the period. Bank of New York Mellon Corp's holdings in Ryanair were worth $9,776,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its position in shares of Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company's stock valued at $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock worth $29,000 after buying an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company's stock worth $37,000 after buying an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock worth $42,000 after buying an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Ryanair by 64.9% during the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company's stock valued at $47,000 after acquiring an additional 257 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Ryanair news, insider Carol Marie Sharkey sold 6,999 shares of Ryanair stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the transaction, the insider owned 14,136 shares in the company, valued at approximately $367,677.36. The trade was a 33.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 business's stock in a transaction on 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 in the company, valued at approximately $2,375,021. This represents a 16.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 126,607 shares of company stock worth $3,386,997.

Ryanair Stock Down 2.8%

Shares of Ryanair stock opened at $58.51 on Friday. The stock has a market capitalization of $30.40 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.15. The company has a 50-day simple moving average of $61.29 and a 200 day simple moving average of $62.15. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly 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 net margin of 12.14% and a return on equity of 21.23%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts anticipate that Ryanair Holdings PLC will post 3.95 earnings per share for the current year.

Ryanair Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RYAAY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Ryanair in a report on Tuesday, July 14th. Zacks Research upgraded Ryanair from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. Morgan Stanley reaffirmed an "overweight" rating on shares of Ryanair in a research report on Monday, June 22nd. Citigroup reiterated a "buy" rating on shares of Ryanair in a research note on Wednesday, July 1st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Ryanair has a consensus rating of "Moderate Buy" and a consensus price target of $79.50.

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.

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