Ryanair Holdings PLC (RYAAY) Stake Reduced by Scout Investments Inc.
Scout Investments Inc. reduced its position in Ryanair Holdings PLC (NASDAQ:RYAAY) by 24.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,433 shares of the transportation company’s stock after selling 77,655 shares during the period. Ryanair Holdings PLC makes up about 0.8% of Scout Investments Inc.’s portfolio, making the stock its 27th largest position. Scout Investments Inc. owned 0.10% of Ryanair Holdings PLC worth $26,088,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new position in Ryanair Holdings PLC during the second quarter worth $108,000. Quantbot Technologies LP bought a new position in Ryanair Holdings PLC during the first quarter worth $106,000. FNY Partners Fund LP bought a new position in Ryanair Holdings PLC during the first quarter worth $156,000. PNC Financial Services Group Inc. boosted its position in Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares during the last quarter. Finally, Atria Investments LLC bought a new position in Ryanair Holdings PLC during the second quarter worth $255,000. 40.13% of the stock is owned by institutional investors and hedge funds.
Ryanair Holdings PLC (NASDAQ:RYAAY) traded down 2.08% during mid-day trading on Wednesday, reaching $111.77. 59,528 shares of the company were exchanged. Ryanair Holdings PLC has a one year low of $67.56 and a one year high of $122.68.
Ryanair Holdings PLC (NASDAQ:RYAAY) last announced its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.30. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. Analysts predict that Ryanair Holdings PLC will post $7.58 earnings per share for the current year.
Ryanair Holdings PLC declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 30th that allows the company to buyback outstanding shares. This buyback authorization allows the transportation company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of brokerages recently commented on RYAAY. Zacks Investment Research upgraded shares of Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Saturday, May 6th. Sanford C. Bernstein began coverage on shares of Ryanair Holdings PLC in a research note on Monday, June 26th. They set an “underperform” rating and a $83.00 price target on the stock. ValuEngine cut shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Citigroup Inc. cut shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 31st. Finally, BidaskClub cut shares of Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Ryanair Holdings PLC has an average rating of “Buy” and an average price target of $100.33.
Ryanair Holdings PLC Company Profile
Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.
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