Headlands Technologies LLC Increases Stake in Ryanair Holdings PLC $RYAAY

Headlands Technologies LLC raised its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 48.7% in the second quarter, Holdings Channel reports. The firm owned 38,649 shares of the transportation company’s stock after acquiring an additional 12,652 shares during the quarter. Headlands Technologies LLC’s holdings in Ryanair were worth $2,503,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC grew its holdings in shares of Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in Ryanair by 76.0% in 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 last quarter. Brown Brothers Harriman & Co. raised its holdings in Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after acquiring an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in 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 acquiring an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in 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 acquiring an additional 257 shares in the last quarter. 43.65% of the stock is owned by hedge funds and other institutional investors.

Ryanair Price Performance

Shares of NASDAQ:RYAAY opened at $56.13 on Monday. The firm’s 50 day moving average price is $60.68 and its 200-day moving average price is $60.47. Ryanair Holdings PLC has a twelve month low of $53.14 and a twelve month high of $74.24. The stock has a market capitalization of $29.13 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

Ryanair (NASDAQ:RYAAY) last announced its 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). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.06 billion. Analysts expect that Ryanair Holdings PLC will post 4.32 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, September 28th. Stockholders 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 presently 24.52%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $74.00 price target on shares of Ryanair in a report on Monday, August 24th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. Morgan Stanley initiated coverage on Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price objective for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $73.97.

Insider Activity at Ryanair

In other news, insider John Jh Hurley sold 15,000 shares of the company’s stock in a transaction on Friday, June 26th. The stock was 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 $2,375,021. This represents a 16.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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.