Ryanair Holdings PLC $RYAAY Shares Bought by Assetmark Inc.

Key Points

• Assetmark increased its Ryanair stake by 5.4% in the second quarter, bringing its holdings to 466,733 shares valued at approximately $30.2 million. Institutional investors and hedge funds collectively own 43.66% of the company.
• Analyst sentiment is moderately positive: six analysts rate Ryanair a Buy and four rate it Hold, producing a “Moderate Buy” consensus and an average price target of $73.97; Morgan Stanley initiated coverage with an Overweight rating and a $62.90 target.
• Ryanair’s latest quarterly results fell short of expectations, with EPS of $1.19 versus the $1.37 consensus and revenue of $5 billion versus $5.06 billion expected. The company also announced a special dividend of $0.4434 per share.

Assetmark Inc. raised its stake in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 466,733 shares of the transportation company's stock after purchasing an additional 23,906 shares during the period. Assetmark Inc. owned 0.09% of Ryanair worth $30,221,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock worth $42,000 after acquiring an additional 165 shares during the last quarter. Strategic Investment Advisors MI raised its stake in shares of Ryanair by 4.9% in the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company's stock worth $230,000 after buying an additional 184 shares in the last quarter. One Wealth Advisors LLC raised its holdings in shares of Ryanair by 3.1% in the 4th quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company's stock worth $449,000 after purchasing an additional 185 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Ryanair by 41.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company's stock worth $48,000 after buying an additional 197 shares during the last quarter. Finally, AdvisorShares Investments LLC increased its holdings in shares of Ryanair by 1.1% in the fourth quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company's stock valued at $1,310,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 43.66% of the company's stock.

Analysts Set New Price Targets

RYAAY has been the subject of a number of recent analyst reports. Zacks Research upgraded Ryanair from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Ryanair from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 21st. Morgan Stanley began coverage on shares of Ryanair in a report on Friday. They issued an "overweight" rating and a $62.90 target price for the company. Sanford C. Bernstein reissued an "outperform" rating on shares of Ryanair in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Ryanair in a report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Ryanair currently has a consensus rating of "Moderate Buy" and an average price target of $73.97.

Ryanair Price Performance

NASDAQ RYAAY opened at $58.81 on Friday. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The stock's 50-day moving average is $61.42 and its two-hundred day moving average is $61.49. The firm has a market cap of $30.56 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.06 billion. On average, equities analysts expect that Ryanair Holdings PLC will post 3.97 EPS for the current year.

Ryanair Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, August 7th. Ryanair's payout ratio is currently 24.52%.

Insider Buying and Selling at Ryanair

In related news, CEO Eddie Joseph Wilson sold 21,080 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $548,290.80. Following the completion of the sale, the chief executive officer owned 132,526 shares in the company, valued at $3,447,001.26. This represents a 13.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 company's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $31.24, for a total transaction of $468,600.00. Following the transaction, the insider owned 76,025 shares of the company's stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 126,607 shares of company stock worth $3,386,997 in the last ninety days.

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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