Cambridge Investment Research Advisors Inc. Boosts Stake in Ryanair Holdings PLC $RYAAY

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 122.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,123 shares of the transportation company’s stock after buying an additional 9,985 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ryanair were worth $1,173,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its stake in 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 position in Ryanair by 76.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the period. Brown Brothers Harriman & Co. grew its stake in Ryanair by 2,929.4% during the 4th 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 grew its stake in Ryanair by 39.4% during the 4th 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 increased its holdings in shares of Ryanair by 64.9% in the fourth 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 hedge funds and other institutional investors.

Insider Activity

In related news, insider Jason Paul Mcguinness sold 9,999 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $27.56, for a total value of $275,572.44. Following the completion of the transaction, the insider owned 14,305 shares of the company’s stock, valued at approximately $394,245.80. This represents a 41.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Jh Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the sale, the insider directly owned 76,025 shares in the company, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 126,607 shares of company stock worth $3,386,997.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Zacks Research upgraded shares of Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Six 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, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Ryanair Price Performance

NASDAQ:RYAAY opened at $59.17 on Friday. The company has a 50 day moving average price of $61.38 and a 200-day moving average price of $61.51. Ryanair Holdings PLC has a 1-year low of $53.14 and a 1-year high of $74.24. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last announced its quarterly 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 firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, August 7th will be paid a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio is presently 24.52%.

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.