NINE MASTS CAPITAL Ltd Sells 13,696 Shares of Ryanair Holdings PLC $RYAAY

NINE MASTS CAPITAL Ltd decreased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 48.6% in the 2nd quarter, Holdings Channel reports. The firm owned 14,463 shares of the transportation company’s stock after selling 13,696 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in Ryanair were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RYAAY. Northwestern Mutual Wealth Management Co. raised its stake in Ryanair by 645,657.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock valued at $201,386,000 after purchasing an additional 2,789,240 shares in the last quarter. Capital International Investors increased its holdings in shares of Ryanair by 6.6% in the 4th quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after buying an additional 2,464,742 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Ryanair by 58.0% in the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after buying an additional 1,429,666 shares during the last quarter. Norges Bank purchased a new stake in shares of Ryanair during the 4th quarter valued at $91,970,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Ryanair by 15.6% during the 4th 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 buying an additional 985,939 shares in the last quarter. 43.65% of the stock is currently owned by institutional investors.

Ryanair Stock Performance

Shares of Ryanair stock opened at $56.13 on Monday. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company has a fifty day moving average of $60.68 and a 200-day moving average of $60.47.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Friday, July 17th. The transportation company reported $1.19 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%. On average, equities research analysts forecast that Ryanair Holdings PLC will post 4.32 earnings per share for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, August 7th will be given a dividend of $0.4434 per share. The ex-dividend date is Friday, August 7th. Ryanair’s dividend payout ratio is presently 24.52%.

Insider Activity

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 transaction, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

RYAAY has been the subject of several research reports. Weiss Ratings upgraded shares of Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $74.00 price objective on shares of Ryanair in a report on Monday, August 24th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.97.

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.