Ryanair Holdings PLC $RYAAY Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 429.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,419 shares of the transportation company’s stock after acquiring an additional 55,487 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ryanair were worth $3,955,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 in the last quarter. One Wealth Advisors LLC boosted its holdings in Ryanair by 3.1% during the fourth quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company’s stock worth $449,000 after buying an additional 185 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Ryanair by 41.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company’s stock valued at $48,000 after buying an additional 197 shares during the period. AdvisorShares Investments LLC grew its position in Ryanair by 1.1% during the fourth quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock valued at $1,310,000 after buying an additional 201 shares during the period. Finally, Pin Oak Investment Advisors Inc. increased its holdings in Ryanair by 76.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after buying an additional 209 shares in the last quarter. 43.66% of the stock is owned by institutional investors and hedge funds.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $60.17 on Friday. The stock has a market capitalization of $31.26 billion, a PE ratio of 14.46, a P/E/G ratio of 1.82 and a beta of 1.15. Ryanair Holdings PLC has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company has a fifty day moving average of $61.32 and a two-hundred day moving average of $62.18.

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). The company had revenue of $5 billion during the quarter, compared to analyst estimates of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. Research analysts forecast that Ryanair Holdings PLC will post 3.95 earnings per share for the current year.

Ryanair Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be paid a $0.4434 dividend. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is currently 17.07%.

Insider Buying and Selling

In other Ryanair news, insider Jason Paul Mcguinness sold 9,999 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.56, for a total transaction of $275,572.44. Following the completion of the sale, the insider directly owned 14,305 shares in the company, valued at approximately $394,245.80. The trade was a 41.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Jh Hurley sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 126,607 shares of company stock worth $3,386,997 in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on RYAAY shares. Zacks Research upgraded shares of Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. 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 research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Ryanair presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

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.