Maven Securities LTD Takes Position in Ryanair Holdings PLC $RYAAY

Key Points

• Maven Securities initiated a new Ryanair position by purchasing 24,000 shares valued at approximately $1.55 million. Institutional investors collectively own 43.65% of the company.
• Analysts remain broadly positive on Ryanair, with a consensus “Moderate Buy” rating and an average price target of $73.97, despite one recent downgrade to “Hold.”
• Ryanair reported quarterly earnings of $1.19 per share, below the $1.37 consensus estimate, while revenue of $5 billion also fell short of expectations. The company announced a special dividend of $0.4434 per share.

Maven Securities LTD bought a new stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,000 shares of the transportation company's stock, valued at approximately $1,554,000.

Several other hedge funds also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. grew its position in shares of Ryanair by 2.9% during the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company's stock worth $56,485,000 after purchasing an additional 27,700 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Ryanair in the 1st quarter worth approximately $4,190,000. Metropolis Capital Ltd lifted its holdings in Ryanair by 10.8% in 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 in the last quarter. Trinity Street Asset Management LLP boosted its stake in Ryanair by 3.2% in the 2nd quarter. Trinity Street Asset Management LLP now owns 3,567,449 shares of the transportation company's stock worth $230,992,000 after purchasing an additional 110,700 shares during the period. Finally, Milford Funds Ltd. bought a new position in Ryanair in the 4th quarter worth approximately $39,379,000. Institutional investors own 43.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RYAAY shares. Morgan Stanley began coverage on shares of Ryanair in a research report on Friday, August 14th. They set an "overweight" rating and a $62.90 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Ryanair in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Ryanair from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Citigroup reiterated a "buy" rating on shares of Ryanair in a research note on Wednesday, July 1st. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $74.00 price objective on shares of Ryanair in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.97.

Insider Activity at Ryanair

In other news, insider John Hurley sold 15,000 shares of the business's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the sale, the insider directly owned 76,025 shares in the company, valued at $2,375,021. The trade was a 16.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ryanair Price Performance

Shares of RYAAY opened at $54.37 on Wednesday. The stock has a market capitalization 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. Ryanair Holdings PLC has a 1 year low of $53.14 and a 1 year high of $74.24. The business's 50 day simple moving average is $59.41 and its 200-day simple moving average is $59.92.

Ryanair (NASDAQ:RYAAY - Get Free Report) last posted its 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). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The business had revenue of $5 billion during the quarter, compared to analysts' expectations of $5.06 billion. On average, sell-side analysts expect that Ryanair Holdings PLC will post 3.84 earnings per share for the current year.

Ryanair Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, August 7th will be paid a $0.4434 dividend. The ex-dividend date of this dividend is Friday, August 7th. Ryanair's dividend payout ratio (DPR) is presently 24.52%.

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.

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