The Manufacturers Life Insurance Company Has $48.92 Million Stock Position in Ryanair Holdings PLC $RYAAY

The Manufacturers Life Insurance Company increased its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 755,526 shares of the transportation company’s stock after buying an additional 40,648 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ryanair were worth $48,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings 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 period. 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 last quarter. Brown Brothers Harriman & Co. boosted its holdings in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Ryanair by 39.4% during the fourth 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 during the period. Finally, Larson Financial Group LLC boosted its holdings in Ryanair by 64.9% during the fourth 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 during the period. 43.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ryanair

In related news, insider John Hurley sold 15,000 shares of the business’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 in the company, valued at $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RYAAY. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Morgan Stanley began coverage on Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 target price on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $74.00 price target on shares of Ryanair in a research report on Monday, August 24th. Finally, Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.97.

Ryanair Price Performance

NASDAQ RYAAY opened at $53.80 on Friday. The firm has a market capitalization of $27.92 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 4.53 and a beta of 1.16. The company’s fifty day moving average is $58.75 and its two-hundred day moving average is $59.73. Ryanair Holdings PLC has a 52-week low of $52.89 and a 52-week high of $74.24.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. As a group, sell-side analysts expect that Ryanair Holdings PLC will post 3.84 earnings per share for the current fiscal year.

Ryanair Announces Dividend

The company 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 dividend of $0.4434 per share. Ryanair’s dividend payout ratio is 24.52%.

Ryanair Company Profile

Ryanair Holdings plc is an Irish airline group that operates low-cost, scheduled passenger services primarily across Europe. Through its operating airlines, including Ryanair, Ryanair UK, Malta Air, Buzz and Lauda, the group connects a broad network of destinations with a focus on affordable fares, high aircraft utilization and short-haul travel.

The company serves markets throughout the United Kingdom and continental Europe, as well as selected destinations in North Africa and the Middle East.