Ryanair Holdings PLC $RYAAY Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC cut its Ryanair stake by 52.4% during the second quarter, selling 23,475 shares and retaining 21,309 shares valued at approximately $1.38 million. Institutional investors and hedge funds collectively own 43.66% of RYAAY.
• Ryanair reported quarterly EPS of $1.19, below the $1.37 analyst consensus, while revenue of $5 billion also slightly missed expectations. The company announced a special dividend of $0.4434 per share, with a 24.52% payout ratio.
• Analysts maintain a generally positive view, with six Buy ratings and four Holds giving Ryanair a consensus “Moderate Buy” rating and an average price target of $79.50, versus a recent share price of $59.17.

Ashton Thomas Private Wealth LLC lowered its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 52.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,309 shares of the transportation company's stock after selling 23,475 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Ryanair were worth $1,380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RYAAY. CIBC Private Wealth Group LLC grew its holdings in shares of Ryanair by 280.6% in 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 during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company's stock valued at $29,000 after purchasing an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company's stock valued at $37,000 after purchasing an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company's stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Larson Financial Group LLC boosted 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 purchasing an additional 257 shares during the period. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Performance

Shares of RYAAY opened at $59.17 on Friday. The company's 50 day moving average price is $61.38 and its 200 day moving average price is $61.51. Ryanair Holdings PLC has a 52 week low of $53.14 and a 52 week high of $74.24. The company has a market capitalization of $30.74 billion, a PE ratio of 14.22, a PEG ratio of 1.86 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The company had revenue of $5 billion during the quarter, compared to analysts' expectations of $5.06 billion. On average, equities analysts forecast that Ryanair Holdings PLC will post 3.97 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The company also recently announced 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 is Friday, August 7th. Ryanair's payout ratio is 24.52%.

Analyst Ratings Changes

A number of analysts have commented on RYAAY shares. Zacks Research raised shares of Ryanair from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research report on Tuesday, May 19th. Citigroup restated a "buy" rating on shares of Ryanair in a report on Wednesday, July 1st. Morgan Stanley restated an "overweight" rating on shares of Ryanair in a research report on Monday, June 22nd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Ryanair in a research note on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.50.

Insider Buying and Selling

In other news, insider John Jh Hurley sold 15,000 shares of the firm's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the completion of the sale, the insider directly owned 76,025 shares of the company's stock, valued at $2,375,021. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $548,290.80. Following the sale, the chief executive officer owned 132,526 shares of the company's stock, valued at approximately $3,447,001.26. This represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 126,607 shares of company stock worth $3,386,997.

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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