Ryanair Holdings PLC $RYAAY Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Ryanair stake by 9% in the first quarter, adding 170,242 shares to own 2.05 million shares worth approximately $118.6 million. Institutional investors collectively own 43.66% of the company.
• Analysts maintain a generally positive view of Ryanair, with six Buy ratings and four Hold ratings producing a consensus “Moderate Buy” rating and a $79.50 price target.
• Ryanair reported quarterly EPS of $1.19, below the $1.37 analyst consensus, while revenue reached $5 billion versus expectations of $5.06 billion. The company also declared a special dividend of $0.4434 per share.

Bank of America Corp DE grew its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,052,677 shares of the transportation company's stock after purchasing an additional 170,242 shares during the quarter. Bank of America Corp DE owned approximately 0.39% of Ryanair worth $118,645,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in shares of Ryanair by 280.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company's stock worth $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock valued at $29,000 after buying an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company's stock valued at $37,000 after buying an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock valued at $42,000 after buying an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Ryanair by 64.9% in the 4th quarter. Larson Financial Group LLC now owns 653 shares of the transportation company's stock valued at $47,000 after buying an additional 257 shares during the last quarter. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RYAAY. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research report on Tuesday, May 19th. Citigroup reiterated a "buy" rating on shares of Ryanair in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Ryanair in a research report on Tuesday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Ryanair from a "hold (c)" rating to a "hold (c+)" rating 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.50.

Ryanair Stock Performance

Shares of RYAAY stock opened at $60.55 on Friday. The stock has a fifty day moving average price of $61.29 and a 200 day moving average price of $61.88. The stock has a market cap of $31.46 billion, a PE ratio of 14.56, a P/E/G ratio of 1.93 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.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). The business had revenue of $5 billion during the quarter, compared to analysts' expectations of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. As a group, equities research analysts predict that Ryanair Holdings PLC will post 3.95 earnings per share for the current year.

Ryanair Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Shareholders 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 17.07%.

Insider Activity at Ryanair

In related news, insider Carol Marie Sharkey sold 6,999 shares of the business's 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 $182,043.99. Following the transaction, the insider directly owned 14,136 shares of the company's stock, valued at approximately $367,677.36. The trade was a 33.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jason Paul Mcguinness sold 9,999 shares of Ryanair stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $27.56, for a total transaction of $275,572.44. Following the sale, the insider directly owned 14,305 shares in the company, valued at $394,245.80. This trade represents a 41.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 126,607 shares of company stock valued at $3,386,997 over the last three months.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source