Ryanair (NASDAQ:RYAAY) Insider Carol Marie Sharkey Sells 6,999 Shares of Stock

Ryanair Holdings PLC (NASDAQ:RYAAY) insider Carol Marie Sharkey sold 6,999 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $182,043.99. Following the completion of the sale, the insider owned 14,136 shares in the company, valued at $367,677.36. This trade represents a 33.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ryanair Trading Up 0.9%

Shares of RYAAY stock opened at $57.42 on Friday. Ryanair Holdings PLC has a 1-year low of $53.14 and a 1-year high of $74.24. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.33 and a beta of 1.13. The stock has a 50-day moving average of $58.67 and a 200-day moving average of $64.54.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Monday, May 18th. The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.08 billion. Ryanair had a return on equity of 25.58% and a net margin of 13.95%. On average, equities research analysts forecast that Ryanair Holdings PLC will post 4.65 earnings per share for the current year.

Ryanair News Roundup

Here are the key news stories impacting Ryanair this week:

• Neutral Sentiment: Several Ryanair insiders sold shares, but the filings state the transactions were made to cover tax withholding obligations tied to vesting equity awards, which usually makes the activity less concerning for investors. CEO Andreas Gruber sale filing
• Neutral Sentiment: The sales were spread across top management, including the CEO, CFO, CMO, and other insiders, but the disclosures do not indicate a change in the company’s operating outlook or a strategic shift. CFO Tracey Mccann sale filing
• Neutral Sentiment: The insider selling may keep some pressure on sentiment in the short term, but because it appears routine and tax-related, it is less likely to be viewed as a strong bearish signal. CEO Eddie Joseph Wilson sale filing

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RYAAY. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Weiss Ratings downgraded Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Ryanair in a research note on Tuesday. Finally, Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, March 12th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its holdings in Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after purchasing an additional 348 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in shares of Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 209 shares during the period. UMB Bank n.a. boosted its position in shares of Ryanair by 1,057.4% during the 3rd quarter. UMB Bank n.a. now owns 544 shares of the transportation company’s stock worth $33,000 after purchasing an additional 497 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Ryanair by 2,929.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after purchasing an additional 498 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after buying an additional 165 shares during the period. 43.66% of the stock is owned by institutional investors.

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.