Ryanair Holdings PLC $RYAAY is Hudson Edge Investment Partners Inc.'s 2nd Largest Position

Key Points

• Hudson Edge Investment Partners Inc. holds a significant position in Ryanair, accounting for 9.4% of its portfolio, but has recently decreased its holdings by 1.4% to 953,850 shares.
• Ryanair reported impressive earnings with an EPS of $1.74, surpassing estimates, and announced an increase in its special dividend to $0.534 per share.
• Several analysts have given mixed ratings on Ryanair, with a consensus rating of "Buy" and a target price increase to $76.00.

Hudson Edge Investment Partners Inc. decreased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 953,850 shares of the transportation company's stock after selling 13,900 shares during the quarter. Ryanair accounts for approximately 9.4% of Hudson Edge Investment Partners Inc.'s portfolio, making the stock its 2nd largest holding. Hudson Edge Investment Partners Inc. owned 0.18% of Ryanair worth $55,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RYAAY. Price T Rowe Associates Inc. MD acquired a new stake in Ryanair in the 1st quarter valued at $118,071,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Ryanair by 4.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 29,324,514 shares of the transportation company's stock worth $1,242,480,000 after acquiring an additional 1,233,059 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Ryanair by 658.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company's stock worth $42,041,000 after acquiring an additional 861,361 shares during the period. Cambiar Investors LLC purchased a new position in shares of Ryanair during the 1st quarter worth $11,785,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Ryanair during the 1st quarter worth about $11,761,000. Institutional investors and hedge funds own 43.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RYAAY shares. Oddo Bhf raised Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Zacks Research downgraded Ryanair from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. Wall Street Zen downgraded Ryanair from a "strong-buy" rating to a "buy" rating in a report on Friday, September 26th. Raymond James Financial restated a "strong-buy" rating and set a $76.00 price target (up previously from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group cut Ryanair from a "buy" rating to a "neutral" rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ryanair has a consensus rating of "Buy" and an average target price of $76.00.

Ryanair Stock Performance

NASDAQ RYAAY opened at $59.97 on Friday. The firm has a market capitalization of $31.76 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.70 and a beta of 1.38. Ryanair Holdings PLC has a 1-year low of $38.52 and a 1-year high of $67.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50-day simple moving average is $61.70 and its 200-day simple moving average is $55.12.

Ryanair (NASDAQ:RYAAY - Get Free Report) last announced its earnings results on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.49 by $0.25. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Equities analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current year.

Ryanair Increases Dividend

The business also recently announced a special dividend, which was paid on Thursday, September 25th. Investors of record on Friday, August 8th were issued a dividend of $0.534 per share. The ex-dividend date was Friday, September 12th. This is an increase from Ryanair's previous special dividend of $0.47. Ryanair's dividend payout ratio (DPR) is 16.90%.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.

Want to see what other hedge funds are holding RYAAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.