Milford Funds Ltd. boosted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,263,847 shares of the transportation company's stock after purchasing an additional 256,253 shares during the period. Ryanair makes up approximately 1.3% of Milford Funds Ltd.'s portfolio, making the stock its 23rd biggest holding. Milford Funds Ltd. owned approximately 0.24% of Ryanair worth $81,834,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of Ryanair by 6.6% during the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company's stock valued at $2,884,834,000 after buying an additional 2,464,742 shares during the period. Capital World Investors raised its position in shares of Ryanair by 1.0% in the 4th quarter. Capital World Investors now owns 31,051,257 shares of the transportation company's stock worth $2,241,612,000 after buying an additional 312,323 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Ryanair by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company's stock valued at $527,341,000 after acquiring an additional 985,939 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Ryanair by 3.3% in the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company's stock valued at $332,480,000 after acquiring an additional 185,110 shares during the last quarter. Finally, Metropolis Capital Ltd grew its position in Ryanair by 10.8% during the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company's stock valued at $228,266,000 after acquiring an additional 385,444 shares during the period. Institutional investors and hedge funds own 43.66% of the company's stock.
Ryanair Stock Performance
Ryanair stock opened at $58.81 on Friday. The stock's 50 day moving average price is $61.42 and its 200 day moving average price is $61.49. The firm has a market capitalization of $30.56 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. Ryanair Holdings PLC has a one year low of $53.14 and a one year high of $74.24.
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 (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.18). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. On average, analysts forecast that Ryanair Holdings PLC will post 3.97 earnings per share for the current fiscal year.
Ryanair Dividend Announcement
The company also recently declared a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be issued a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair's dividend payout ratio (DPR) is presently 24.52%.
Insider Buying and Selling at Ryanair
In related news, CMO Dara Brady sold 8,973 shares of Ryanair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $233,387.73. Following the sale, the chief marketing officer owned 17,550 shares of the company's stock, valued at $456,475.50. The trade was a 33.83% decrease in their position. The transaction was disclosed in a 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 Darrell Thomas Hughes sold 8,197 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $213,203.97. Following the completion of the transaction, the insider owned 37,362 shares in the company, valued at $971,785.62. This represents a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 126,607 shares of company stock worth $3,386,997.
Analyst Upgrades and Downgrades
RYAAY has been the subject of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a research note on Tuesday, May 19th. Morgan Stanley initiated coverage on Ryanair in a research note on Friday. They issued an "overweight" rating and a $62.90 price objective on the stock. Zacks Research upgraded Ryanair from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. Weiss Ratings raised shares of Ryanair from a "hold (c)" rating to a "hold (c+)" rating 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 analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ryanair presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.97.
Check Out Our Latest Research Report on Ryanair
Ryanair Company Profile
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Free Report)
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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