Wellington Management Group LLP Has $259.50 Million Position in Ryanair Holdings PLC $RYAAY

Wellington Management Group LLP boosted its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,007,671 shares of the transportation company’s stock after buying an additional 14,074 shares during the period. Wellington Management Group LLP owned approximately 0.77% of Ryanair worth $259,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RYAAY. Hudson Edge Investment Partners Inc. grew its position in Ryanair by 2.9% during the first quarter. Hudson Edge Investment Partners Inc. now owns 977,250 shares of the transportation company’s stock valued at $56,485,000 after purchasing an additional 27,700 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Ryanair during the 1st quarter worth about $4,190,000. Metropolis Capital Ltd boosted its position in Ryanair by 10.8% during the first quarter. Metropolis Capital Ltd now owns 3,949,246 shares of the transportation company’s stock worth $228,266,000 after purchasing an additional 385,444 shares during the period. Maven Securities LTD acquired a new position in Ryanair in the 4th quarter valued at $11,255,000. Finally, Milford Funds Ltd. bought a new position in shares of Ryanair in the fourth quarter worth about $39,379,000. 43.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider John Jh Hurley sold 15,000 shares of the stock in a transaction 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 transaction, the insider owned 76,025 shares in the company, valued at approximately $2,375,021. This represents a 16.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ryanair Stock Performance

Shares of RYAAY stock opened at $56.13 on Monday. Ryanair Holdings PLC has a 12 month low of $53.14 and a 12 month high of $74.24. The company has a market capitalization of $29.13 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.61 and a beta of 1.16. The stock has a 50 day moving average of $60.68 and a two-hundred day moving average of $60.47.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data 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). The firm 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%. Sell-side analysts predict 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 issued a $0.4434 dividend. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s payout ratio is 24.52%.

Analysts Set New Price Targets

A number of analysts have issued reports on RYAAY shares. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $74.00 price objective on shares of Ryanair in a research report on Monday, August 24th. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, July 21st. Finally, Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and an average target price of $73.97.

Ryanair 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.