Dara Brady Sells 8,973 Shares of Ryanair (NASDAQ:RYAAY) Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) CMO Dara Brady sold 8,973 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the completion of the sale, the chief marketing officer directly owned 17,550 shares in the company, valued at approximately $456,475.50. This represents a 33.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Stock Up 0.9%

Shares of NASDAQ RYAAY traded up $0.53 during trading on Thursday, reaching $57.42. The company had a trading volume of 1,660,166 shares, compared to its average volume of 1,520,157. Ryanair Holdings PLC has a 12-month low of $53.14 and a 12-month high of $74.24. The stock has a market cap of $29.90 billion, a PE ratio of 12.19, a P/E/G ratio of 1.25 and a beta of 1.13. The business’s 50-day moving average is $58.67 and its 200 day moving average is $64.54. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Ryanair (NASDAQ:RYAAY) last issued its earnings results on Monday, May 18th. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. As a group, equities analysts forecast that Ryanair Holdings PLC will post 4.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryanair

Hedge funds have recently bought and sold shares of the business. Capital International Investors boosted its holdings in Ryanair by 6.6% in the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after purchasing an additional 2,464,742 shares during the last quarter. Capital World Investors boosted its holdings in Ryanair by 1.0% in the fourth quarter. Capital World Investors now owns 31,051,257 shares of the transportation company’s stock worth $2,241,612,000 after purchasing an additional 312,323 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Ryanair by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock worth $527,341,000 after purchasing an additional 985,939 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Ryanair by 3.3% in the first quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after purchasing an additional 185,110 shares during the last quarter. Finally, Metropolis Capital Ltd boosted its holdings in Ryanair by 10.8% in 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 last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RYAAY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Weiss Ratings downgraded Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research note on Tuesday. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday. Finally, Zacks Research downgraded Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.67.

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.