Hudson Edge Investment Partners Inc. Sells 55,700 Shares of Ryanair Holdings PLC $RYAAY

Hudson Edge Investment Partners Inc. lowered its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 921,550 shares of the transportation company’s stock after selling 55,700 shares during the quarter. Ryanair comprises 8.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 3rd biggest holding. Hudson Edge Investment Partners Inc.’s holdings in Ryanair were worth $59,670,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its stake in shares of Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. grew its stake in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after purchasing an additional 209 shares during the period. Brown Brothers Harriman & Co. grew its stake in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Ryanair by 39.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after purchasing an additional 165 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Ryanair by 64.9% in the fourth quarter. Larson Financial Group LLC now owns 653 shares of the transportation company’s stock valued at $47,000 after buying an additional 257 shares during the period. 43.66% of the stock is owned by institutional investors.

Ryanair Trading Down 0.3%

NASDAQ RYAAY opened at $59.17 on Friday. The company has a market cap of $30.74 billion, a P/E ratio of 14.22, a PEG ratio of 1.86 and a beta of 1.16. The company has a fifty day simple moving average of $61.38 and a 200 day simple moving average of $61.51. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24.

Ryanair (NASDAQ:RYAAY) last released its quarterly earnings data on Friday, July 17th. The transportation company reported $1.19 earnings per share 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 analyst estimates of $5.06 billion. Ryanair had a return on equity of 21.23% and a net margin of 12.14%. Sell-side analysts predict that Ryanair Holdings PLC will post 3.97 EPS for the current year.

Ryanair Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Eddie Joseph Wilson sold 21,080 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $548,290.80. Following the completion of the sale, the chief executive officer directly owned 132,526 shares of the company’s stock, valued at $3,447,001.26. This represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jason Paul Mcguinness sold 12,562 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $326,737.62. Following the completion of the transaction, the insider owned 24,304 shares in the company, valued at $632,147.04. This represents a 34.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 126,607 shares of company stock worth $3,386,997 in the last 90 days.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Tuesday, May 19th. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. Finally, Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and an average target price of $79.50.

About Ryanair

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.