Ryanair Holdings PLC $RYAAY Shares Sold by Hudson Edge Investment Partners Inc.

Key Points

• Hudson Edge Investment Partners reduced its Ryanair stake by 5.7% in the second quarter, selling 55,700 shares and retaining 921,550 shares worth approximately $59.7 million. Institutional investors collectively own 43.66% of the company.
• Analysts remain generally positive on Ryanair, with six Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and a $79.50 price target.
• Ryanair missed quarterly expectations, reporting $1.19 in earnings per share versus a $1.37 consensus estimate and $5 billion in revenue versus $5.06 billion expected. The company also announced a special dividend of $0.4434 per share.

Hudson Edge Investment Partners Inc. cut its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 921,550 shares of the transportation company's stock after selling 55,700 shares during the quarter. Ryanair makes up 8.2% of Hudson Edge Investment Partners Inc.'s holdings, making the stock its 3rd biggest holding. Hudson Edge Investment Partners Inc. owned approximately 0.18% of Ryanair worth $59,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RYAAY. Goldman Sachs Group Inc. raised its stake in Ryanair by 658.1% during the first 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 in the last quarter. American Century Companies Inc. boosted its stake in shares of Ryanair by 122.1% in the 2nd quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company's stock valued at $750,000 after purchasing an additional 7,152 shares in the last quarter. CW Advisors LLC acquired a new stake in shares of Ryanair in the 2nd quarter valued at approximately $263,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ryanair by 99.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company's stock valued at $117,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Ryanair during the 2nd quarter valued at approximately $295,000. Institutional investors own 43.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of Ryanair from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 21st. Morgan Stanley reiterated an "overweight" rating on shares of Ryanair in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Ryanair in a report on Tuesday, July 14th. Finally, Zacks Research upgraded Ryanair from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $79.50.

Insider Activity

In other Ryanair news, CEO Eddie Joseph Wilson sold 21,080 shares of Ryanair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $548,290.80. Following the transaction, the chief executive officer directly owned 132,526 shares of the company's stock, valued at approximately $3,447,001.26. The trade was a 13.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the company's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $365,518.53. Following the completion of the sale, the insider owned 46,264 shares in the company, valued at $1,203,326.64. This trade represents a 23.30% 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 three months, insiders sold 126,607 shares of company stock worth $3,386,997.

Ryanair Price Performance

RYAAY opened at $59.17 on Friday. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company's 50 day moving average price is $61.38 and its two-hundred day moving average price is $61.51. The firm has a market capitalization of $30.74 billion, a price-to-earnings 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 quarterly earnings results 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 business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. As a group, equities research analysts predict that Ryanair Holdings PLC will post 3.97 EPS for the current year.

Ryanair Dividend Announcement

The business also recently announced 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 dividend payout ratio (DPR) is currently 24.52%.

About Ryanair

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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